Natural Resources Minister Vickram Bharrat has said Guyana recorded a substantial increase in crude oil lifts last year from the Stabroek Block.
He told reporters that 225 lifts of crude oil were recorded in 2024, up from the 142 lifts recorded the previous year, with each lift amounting to one million barrels of oil.
He said of the total lifts, 28 went to the Guyana government, 11 from the Liza Unity Floating Production, Storage, and Offloading vessel, seven came from the Liza Destiny FPSO, and 10 from the Prosperity FPSO.
Mr Bharrat said depending on the market price, this translates to a significant amount of revenue for the country to be used to fund critical development projects.
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