Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in country, according to natural resources minister Vickram Bharrat said on Tuesday, cited by Argus. For now, Guyana is producing 130,000 bpd from ExxonMobil’s Liza-1 well, which just reached full planned production capacity in March.
Exxon expects that well to be producing as much as 750,000 bpd by 2026. Exxon estimated in December that it will have 5 FPSOs by 2026 with as many as 10…Guyana Estimates Future Oil Production At 1 Million Bpd
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