Page 10 - LatAmOil Week 07 2020

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Guyana prepares to export first cargo of Liza crude
GUYANA is reportedly gearing up to export its rst cargo of crude oil from the Liza section of the Stabroek o shore block. e cargo will con- sist of the crude that the government is entitled to receive from the eld, which is being devel- oped by consortium led by the US supermajor ExxonMobil.
e oil will be loaded onto the Cap Philippe tanker, which is now approaching Guyanese waters. e vessel is expected to take on 1mn barrels of light sweet crude from Liza, Reuters reported last week.
is cargo will be the rst of three that Guy- ana arranged to sell to Royal Dutch Shell last December in a tender. e other two cargoes have yet to be loaded.
Guyana’s government is slated to take a per- centage of the crude that ExxonMobil and its partners began extracting from the Liza eld in December. e South American country started making arrangements to sell its share of the crude via open-market tenders last year, since it has no domestic re ning capacity.
The government is expected to receive at least ve cargoes of Liza crude before the end of 2020, according to Mark Bynoe, the director of Guyana’s Department of Energy. at is equiva- lent to more than 5mn barrels of oil.
Guyana is anticipated to begin searching for an oil company or trading rm later this month that will market its share of the country’s crude. It is not likely to choose an agent before the national elections on March 2, though.
Guyana is one of Latin America’s poor- est countries, and it has no experience of oil production. Nevertheless, its fortunes have
PERU
Peru LNG says exports fell in January
improved markedly since 1999, when it began awarding o shore blocks to ExxonMobil and other foreign investors.
Since then, the US giant has set up a consor- tium with state-owned China National O shore Oil Corp. (CNOOC) and the US independent Hess to explore and develop Stabroek. To date, the partners have made 16 oil discoveries o the country’s Atlantic coast. eir elds are now believed to hold more than 8bn barrels of oil in recoverable resources and may yield 750,000 bpd of crude by 2025. ™
More than a dozen oil nds have been reported at Stabroek (Image: ExxonMobil.)
PERU LNG, the operator of a natural gas liq- uefaction plant and export terminal in Pampa Melchorita, saw its export volumes decline year on year in the rst month of 2020.
Data published last week by the national oil company (NOC) Perupetro show that Peru LNG loaded four vessels with 674,751 cubic metres of LNG in December. is marked a 24.5% drop on the gure reported in the same month of 2019, when the group exported 893,710 cubic metres of LNG.
Exports also went down month on month in
January. According to previously released data, Peru LNG loaded six vessels with 994,896 cubic metres of LNG in December 2019. As a result, total export volumes dropped by about 32.2% on the previous month’s level.
e consortium has loaded and delivered a total of 557 cargoes of LNG since its launch in June 2010. Of the four cargoes exported in Jan- uary 2020, one went to Japan, while the other three went to South Korea.
Peru LNG was founded by the US company
Hunt Oil together with three partners 
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