Search results
Results from the WOW.Com Content Network
The FPSO operating in the deepest waters is the FPSO BW Pioneer, built and operated by BW Offshore on behalf of Petrobras Americas INC. The FPSO is moored at a depth of 2,600 m in Block 249 Walker Ridge in the US Gulf of Mexico and is rated for 80,000 bbl/d (13,000 m 3 /d). The EPCI contract was awarded in October 2007 and production started in ...
FPSO One Guyana to begin production of Exxon Mobil’s Yellowtail development offshore Guyana in the prolific deepwater Stabroek block in 2025.
Operating and proposed projects in the Stabroek block. Esso, a subsidiary of ExxonMobil, began exploring the off-shore region in 2008. [10] In May 2015 ExxonMobil announced discovery of more than 90 metres of high-quality, oil-bearing sandstone reservoirs about 200 km off the coastline, [11] considered to be one of the largest crude oil discoveries of the past decade. [12]
The Cabinet of the Cooperative Republic of Guyana is a principal component of the executive branch of the government of Guyana. Established by Article 106 of the Constitution of Guyana, the Cabinet consists of the President of Guyana, the Prime Minister, the Vice Presidents (if any additional Vice Presidents are appointed), and the Ministers appointed by the President.
Guyana is a parliamentary republic in which the President of Guyana is both head of state and head of government. Executive power is exercised by the President, advised by a cabinet. Legislative power is vested in both the President and the National Assembly of Guyana. [1] The judiciary is independent of the executive and the legislature.
The Prime Minister of Guyana serves as the First Vice President and acts as the constitutional successor for the President of Guyana in case of a vacancy. [1] Historically, other members of the cabinet have also been appointed as Vice Presidents, who can perform the functions of the President . [ 2 ]
With 215,000 square kilometres (83,000 sq mi), Guyana is the fourth-smallest country on mainland South America after Uruguay, Suriname and French Guiana. The main economic activities in Guyana are agriculture (production of rice and Demerara sugar ), bauxite mining, gold mining, timber, shrimp fishing and minerals.
As a result, Guyana's GDP increased 6% in 1991 following 15 years of decline. Growth was consistently above six percent until 1995, when it dipped to 5.1 percent. The government reported that the economy grew at a rate of 7.9 percent in 1996, 6.2 percent in 1997, and fell 1.3 percent in 1998. The 1999 growth rate was three percent.