The Ministry of Natural Resources yesterday announced that it has completed the fifth lift of crude oil from the Liza Destiny Floating Production, Storage and Offloading (FPSO) vessel in the Stabroek Block for this year, according to the Department of Public Information (DPI).
DPI said that the lift of 1,043,289.542 barrels of oil now brings Guyana’s total oil lifts for the year to approximately 5.1 million barrels of high-quality Liza crude. This now brings the total oil lifts since first oil in 2019 to nine.
DPI said that the Minis-try of Natural Resources lauded the efforts of its own internal petroleum team and regulatory agencies such as the Ministry of Finance (MoF), the Guyana Revenue Authority (GRA), the Guyana National Bureau of Standards (GNBS) and the Environmental Protection Agency (EPA), in safeguarding Guyana’s interest in coordinating the sales of its share of crude oil throughout 2021.