Guyana has received approximately US$13.9 million in royalties for the first quarter of this year from the ExxonMobil Liza-1 operations and expects to add over US$60 million to its account from the sale of its recent sixth oil share and lift, sources have revealed.
This suggests that the country would have earned similar amounts to what it received for its fifth share, as global oil prices continue to remain steady, averaging for this month so far, about US$63 per barrel Brent crude. The lowest price in April was pegged at US$61 per barrel while the highest was yesterday’s figure which stood at US$66.
The sixth lift was sold to Hess at the April 14 spot price, which at the time was around US$66 per barrel Brent crude.