The government claims that oil production in Guyana dropped to 611,000 barrels per day in April.

According to a government bulletin published on Friday, oil production in Guyana decreased to 611,000 barrels of oil per day (bpd) in April. This is down from 627,000 in the previous month.

The consortium that includes Exxon Mobil, Hess and CNOOC from the United States and China controls all oil and gas production in South America.

The production capacity will surpass 900,000.00 bpd by the end of this year, once the fourth facility which arrived in the country on February 1st is connected and installed.

The data revealed that while the average production in April decreased, the Liza 2 project and Payara project of the consortium increased their output at the end the month, exceeding the typical range. This is a sign the Exxon led group is maximizing the potential of these projects after upgrades were completed last year.

The average production between January to April was 626,000 bpd. This compares with 616,000 in the same time period last year.

According to figures from the central bank, Guyana has received $296.2 in revenue for the energy sector. This money was deposited last month into the oil fund, bringing the total amount of revenue that Guyana has transferred to this fund to $901.6.

(source: Reuters)