Guyana & West Coast Demand

Daily production data shows Liza field output returns after Liza gas pipeline connection project in July-August

October 01, 2024 • Est. Reading Time: 2 minutes

Mobius Intel Brief:

Guyana’s latest crude production data confirms that ~270 kbpd returned to global markets by mid-August, closing the books on the Exxon-led consortium’s planned July-August outage to connect the 50 mmscf/d Liza gas pipeline.

  • Total Guyanese crude output fell to 324 kbpd at peak outage on July 19, with the seven subsequent days averaging 377.7 kbpd.

  • By mid-August, production recovered to approximately 660 kbpd, falling short of the 669 kbpd achieved on June 30. Output averaged 637 kbpd for the final week of the month.

Subscribe to Mobius Market Research to read the rest.

WWMD: What Would Mobius Do?

Mobius was founded in 2002 by a cadre of risk management and commodity trading experts. We monitor real-time global market data 24/7/365 to deliver exclusive strategy and analytics to our energy, metals, and agriculture clients.

This commentary contains our views and opinions and is based on information from sources we believe are reliable. This commentary is for informational purposes, should not be considered investment advice, and is not intended as an offer or solicitation with respect to the purchase and sale of commodity interests or to serve as the basis for one to decide to execute derivatives or other transactions. This commentary is exclusively intended for Mobius clients and is not considered promotional material.