Saturday, April 1, 2023
Village Voice News
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home News

“Lions share” of oil production in 2023 to come from Guyana, Brazil

Admin by Admin
December 25, 2022
in News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Support Village Voice News With a Donation of Your Choice.

Oil production in Guyana and Brazil is expected to substantially increase in 2023, successfully anchoring production growth in the Latin America region, according to Hart Energy- a globally-recognised provider of information on the petroleum industry. 

Hart Energy, in a report published on Thursday, detailed that Guyana and Brazil are expected to produce an additional 850,000 barrels of oil per day in 2023 from new oil ships. 

READ ALSO

Body of Rosehall Estate worker fished out of Canje River

Guyana participated in 2nd stage of School Feeding Course for Caribbean

Although other countries in the region, including  Colombia, Mexico and Venezuela, are oil producers, the report said that the continental neighbours will see greater output. 

“…the lion’s share of the production will come from developments in exploration hotspots Brazil and Guyana,” the report noted. 

Advertisement

With production underway at two developments- the Liza I and Liza II- in Guyana’s prolific Stabroek Block, the country is already producing about 360,000 barrels of oil per day. 

Production at this block is managed by an ExxonMobil-led consortium that includes the United States’ Hess Corporation and China’s CNOOC.  

According to Hart Energy in late 2023, once production at the new development, Payara, starts, output should increase by 220,000 barrels of oil per day. 

At Payara, a new Floating Production Storage and Offloading (FPSO) vessel or oil ship, known as the Liza Prosperity will produce oil. 

In 2025 and 2026, new developments at the Yellowtail and Uaru projects are expected to come on stream. 

Meanwhile, Petrobras estimates that another 630,000 barrels of oil will be added to Brazil’s production in 2023. This output is expected to come from five oil ships. 

The report also noted that another 13 new oil ships will start production in Brazil between 2024 and 2027. 

CMC/



Support Village Voice News With a Donation of Your Choice



ShareTweetSendShareSend

Related Posts

Nohar Singh
News

Body of Rosehall Estate worker fished out of Canje River

by Admin
April 1, 2023

The body of a Rosehall Estate worker was Friday morning fished out of the Canje River. The man has since...

Read more
News

Guyana participated in 2nd stage of School Feeding Course for Caribbean

by Admin
April 1, 2023

Promoted by the school feeding project of the Brazil-FAO International Cooperation, the delegation participated in dialogues, field visits and concluded...

Read more
Shadow Attorney General and Minister of Legal Affairs Roysdale Forde S.C, MP
News

Senior Counsel Forde says Justice Persaud’s ruling on Slowe’s suspension significant

by Admin
April 1, 2023

On 24th March, High Court Judge Gino Persaud ruled President Irfaan Ali violated the Constitution of Guyana when he suspended retired...

Read more
Next Post

Holiday Message from Mr. Roysdale Forde, S.C, MP

EDITOR'S PICK

Antigua and Barbuda Ambassador to the United States, Sir Ronald Sanders

Antigua implements international sanctions against Russia

March 6, 2022
The broken sluice door at Diamond being repaired

Steel door for Diamond sluice

August 24, 2020

World Polio Day | PAHO encourages countries to maintain polio vaccination to prevent outbreaks

October 25, 2020

‘Let’s resolve to make Guyana a better place as we celebrate our 52nd Republic Anniversary’ – AFC

February 23, 2022

© 2022 Village Voice | Developed by Ink Creative Agency

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us

© 2022 Village Voice | Developed by Ink Creative Agency