Petroleum Management Programme News Today

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Exxon is pushing the limits of safe oil production with their Liza Phase 1 and 2 projects. Kaieteur News had reported that Exxon managed to produce over 400,000 barrels per day (bpd) in recent months. These projects were designed to safely produce oil at 340,000 barrels per day (bpd) together. With the latest production numbers on the Petroleum Management Programme for March, Exxon continues to surpass 400,000 bpd on multiple days.

The website of the Petroleum Management Programme in Guyana was hacked since April 7, and more than a week has elapsed without an official statement from the People’s Progressive Party Civic (PPPC) administration on this matter.

As with many aspects of the problematic Gas-to-Energy project, the review of legal and regulatory documents appears to be shrouded in secrecy. A foreign firm, Bayphase, indicated recently that it conducted in-depth reviews for the government related to the Liza field and the Gas-to-Energy project. However, there is no information on the regular government channels to indicate that it sought bids, through advertisements, for the contract(s) it awarded to Bayphase.

Minister of Natural Resources Vickram Bharrat along with Chief Executive Officer of GO-Invest, Dr. Peter Ramsaroop; United States Ambassador, Sarah -Ann Lynch and Honorary Consul General of Guyana, Lutfi Hassan officially led the ribbon-cutting cerem