(Energy Analytics Institute, 3.Feb.2021) — Taiwan announced plans to establish an office in emerging petro-state Guyana, according to details revealed by the US Embassy in Guyana.
“Deepening ties between Guyana and Taiwan will advance their shared goals of prosperity and security,” the US Embassy announced 3 February 2021 in an official statement. “Closer ties with Taiwan will advance cooperation and development in Guyana on the basis of shared democratic values, transparency, and mutual respect.”
It is unclear if the office has been opened or is in the processing of opening.
English-speaking Guyana initiated production of crude oil from its offshore Stabroek Block in December 2019. The block, operated by Irving, Texas-based Exxon in consortium with Hess Corp. and CNOOC, could be producing as much as 750,000 barrels per day by 2026 from five floating production storage and offloading (FPSO) vessels, according to Exxon.
By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.