For the first payment for its oil share for 2023 from the agreement with ExxonMobil and partners in the Stabroek Block, Guyana received US$82.25M which will be added to the already US$1.3B in the Natural Resource Fund, held in a New York Federal Reserve Bank account.
It is also the first 2023 sale by multinational oil company British Petroleum (BP) which had from December 2022 been charged with marketing Guyana’s oil from both platforms for one year, having won a tender where it gets no commission on sales.
Stabroek News had in January reported that with oil averaging around US$79 per barrel in December, this country earned US$83 per barrel on its last lift for 2022 and had received roughly US$82.6M.