Exxon-led consortium’s Guyana oil production posts temporary drop – Reuters (NYSE:XOM)
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Oil output from the Exxon Mobil-led (NYSE:XOM) consortium in Guyana fell to 400K-500K bbl/day from July 2 through the end of the month, Reuters reported Monday, citing Guyana’s government, in a sign that work on production facilities has begun.
Exxon (XOM) had said earlier this year it would shut two offshore oil production vessels in Guyana for two weeks each in July and August to connect a gas pipeline that would feed planned onshore electric power plant and gas-processing facilities.
Output from the consortium’s two Liza floating production facilities off the coast of Guyana was halted during July 19-31 while output from a third platform was unaffected, according to the report.
The consortium’s three production vessels had been pumping up to 669K bbl/day on June 30.
Separately, Nigerian regulators said they expect to formally consent to Exxon’s (XOM) sale of its oil and gas assets to Seplat Energy within four months.
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