Guyana’s March Oil Production Sags, Time To Worry?

Guyana’s oil output took a dip in March, sliding to 627,000 barrels per day (bpd) from February’s 648,000 bpd, a new report from Reuters shows. That puts first-quarter production at a still-robust 631,000 bpd on average, according to the country’s energy ministry. A blip? Sure. A bust? Not even close. Let’s not forget: just five years ago, Guyana didn’t even have a spot on the global oil map. Thanks mostly to ExxonMobil and its tag-team partners Hess and CNOOC, the offshore Stabroek Block has turned into one of the…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com