Caribbean Life
Georgetown, Guyana: With the country racing towards becoming an oil producer by 2020, the American Chamber of Commerce (AMCHAM) is moving to setup a branch here to cater for a growing number of United States companies investing in oil and gas, related and other services in the largest of the Caribbean Community group of nations.
...the AMCHAM will open its Guyana office by early August.
United States companies including Chevron, Halliburton, ExxonMobil, Anadarko Oil and American Airlines among others have all set up shop in the country in the wake of ExxonMobil’s “world class” 2015 oil and gas find that has set the stage for most of the world’s oil majors to invest in Guyana’s now proven offshore oil sector. American is set to begin a Georgetown-Miami run from early December, the first time that it will fly to Guyana.
“The first ever official American Chamber of Commerce will begin operations in Guyana. This is a great initiative that will help our two countries,” Halloway said, noting at 120,000 barrels per day from March 2020, Guyana will immediately be producing more oil than neighboring Trinidad which struggling to make 80,000 daily.
....“This discovery of oil offshore is a really big, big, big deal and everyone needs to take it seriously. With a couple of more discoveries, Guyana will pass Norway. This is serious business. When Liza 1 begins producing in early 2020, it will produce 120,000 barrels a day. That is more than all 100 oil wells in Trinidad produce in a day. One well in Guyana will produce more oil in one day than 100 wells in Trinidad and Tobago,” he said.
Replies
LORD HAVE MERCY ... more than 500,000 barrels of oil per day!!!
EXXON and its co-venturers have so far discovered estimated recoverable resources of more than 3.2 billion oil-equivalent barrels on the Stabroek Block. It added that Liza Phase 1 is expected to generate over $7 billion in royalty and profit oil revenues for Guyana over the life of the project over its lifetime and that additional benefits will accrue from other development projects now being planned.
“Liza Phase 1 involves the conversion of an oil tanker into a floating, production, storage and offloading (FPSO) vessel named Liza Destiny, along with four undersea drill centers with 17 production wells. Construction of the FPSO and subsea equipment is underway in more than a dozen countries.
“Liza Destiny will have a production capacity of 120,000 barrels of oil per day. A second FPSO with a capacity of 220,000 barrels per day is being planned as part of the Liza Phase 2 development, and a third is under consideration for the Payara development. Together, these three developments will produce more than 500,000 barrels of oil per day,” the statement added.
This is a game changer.
bugs
bugs: In my world, I would have had THE MINISTER OF CULTURE and the PRESIDENT OF PAN TRINBAGO flying in and out of GUYANA as early as TWO YEARS ago setting up PAN SCHOOL PROGRAMS in GUYANA with TRINIDAD supplying PANS (and accessories) and TEACHERS and TUNERS and MUSICIANS to GUYANA -- establishing a PIECE OF THE ACTION for T&T. Not to mention NIGHT CLUBS and TING!!!
They LOVE PAN IN GUYANA and a lot of this OIL MONEY could be (and would be) headed in that direction.
Aquil: When ah talk yuh wouldn't hear -- like big stick break up in yuh ear!!!
But it eh TOO LATE!!!
Claude
Guyana needs to keep the PT gangstas out of their country. Maybe some people with the ability to behave in an intelligent manner and who have not killed "Shame" can follow up on your foresight.
bugs: Ah nominating you as CULTURAL AMBASSADOR to GUYANA. You know what to do!!!
... Well yuh think we could go to GUYANA and say we have OIL -- Yuh mad oh meh LARD, OHHHH!!!
Dub Nation will be moving to Guyana by 2020. Guyana Panorama will make more money than Trinidad's in years to come. Look what oil did for Aruba just through support services. Given the size of Guyana and its abundance of natural resources there is nothing to prevent it from dominating the region.
bugs
BUGS: Please take a TRIP DOWN TO TRINIDAD and EXPLAIN this WHOLE THING TO THEM!!!