By Kemol King
GEORGETOWN, July 28 (Reuters) - Average crude production
in oil-rich Guyana declined to 664,000 barrels per day (bpd) in
June from 667,000 bpd the previous month, the government said.
Guyana, where all oil and gas output is controlled by a
consortium led by U.S. major Exxon Mobil ( XOM ) since the
country inaugurated offshore production in 2019, expects to
surpass 900,000 bpd of capacity later this year once a fourth
floating output facility begins operations.
In June, production at the Liza 2 project increased but was
not enough to offset a fall at the Liza 1 project, the figures
showed.
Despite the June decline, the South American country's
oil output averaged 639,000 bpd in the first half of this year,
above the 623,000 bpd of the same period last year.
Guyana's government separately reported $191 million from
its share of oil sales last month, bringing total income from
sales and royalties in the first half of the year to $1.22
billion.
The Exxon-led group, which also includes China's CNOOC
and Chevron ( CVX ) after its acquisition of U.S.
producer Hess, had recovered a total of $35.9 billion in
expenses through the end of the first quarter, a report from
Guyana's central bank said.
Two audits about the recovery of the Exxon consortium's
expenses have been completed in recent years, and the parties
are now discussing how to conciliate their disagreements over
figures after one of the disputes was marked for arbitration.