US oil tanker arrives in Guyana to export one million barrels of crude

The Yannis P recently arrived in Guyana to collect barrels of crude. (Photo: fleetmon.com)

The Marshall Islands registered crude oil tanker, Yannis P, has arrived in Guyana as the country will soon lift the first one million barrels of crude from the Stabroek Block offshore Guyana.

Production in Guyana commenced on December 20, last year, less than five years after the first-ever commercial discovery in the South American country at the 6.6 million acres Stabroek Block.

“Moments like these are rare and must be celebrated.”

— Guyana’s Public Security Minister, Khemraj Ramjattan

Under existing arrangements, the US-based oil giant ExxonMobil is entitled to the so-called first lift of oil.

“The first tanker of crude oil from the Liza field will begin loading this weekend,” Janelle Persaud, Public and Government Affairs Advisor with Exxon Mobil’s local subsidiary stated.

“As we have previously indicated, ExxonMobil will process the initial cargo in its own refining system,” she added.

The oil tanker, Yannis P, built in 2010, has a carrying capacity of 158149 t DWT (deadweight tonnage).

Speaking at a ceremony in Guyana on Friday night, Public Security Minister, Khemraj Ramjattan, who is also performing the duties of Prime Minister, deemed the occasion a joyous one for Guyana.

“We believe that moments like these are rare and must be celebrated. It is a time of national pride and upliftment, as well as a time for deep reflection and serious leadership,” he said.