The latest developments in Guyana
also comes just days after neighboring
Suriname to the southeast discovered a
large offshore well to go along with the
16,000 barrels of heavy crude that it produces
from land wells in the west near
Guyana for several decades now. This
is Suriname’s first offshore well , just a
few miles away from two of the largest
of the 15 Exxon and its partners have
found so far.
Guyana’s department of energy said
that it and other state agencies will be
monitoring future production lifts from
the FPSO that are planned for every
10-12 days.
“This first lift due to the record set
from discovery to production by the
operator, sets Guyana firmly on its way
to becoming one of the wealthiest countries
on the globe per capita, according
to many industry specialists,” the department
said.
It noted that foreign direct investment
in the oil and gas sector has already
passed $500 million, creating 1,700 jobs
and caters to about 600 service providers
in addition to more than 70 joint
ventures.
Caribbean L 20 ife, January 24-30, 2020
“Oil revenues from this venture alone
are projected to realize approximately
US$300 million in this first year and
more than tripling over the next five
years. This is expected to directly benefit
every Guyanese during this decade
of development through the provision
of revenues to develop other important
sectors such as agriculture, energy
and manufacturing, as well as vastly
improved social and educational services,
world class infrastructure, increased
wages, job opportunities.”
For Exxon, the company said that
Guyana had been singled out for special
treatment as in normal circumstances,
developing such a deep water offshore
field normally takes about double the
time that production started offshore
Guyana.
Continued from Page 20
group of District Leaders gathered to
determine who would best unify and
strengthen the Democratic stronghold
in upcoming election cycles,” said
Bichotte on Monday soon after her
uncontested election. “I thank Frank
Seddio for his leadership, service, and
effort to unify the party.
“Over the last few years, we have
developed mutual respect as colleagues
and friends,” she added. “Although we
did not agree on every issue, we never
lost sight of what matters most - working
together to advance the Democratic
Party agenda.”
Bichotte said the historic vote, proving
that the future of the burgeoning
political party is female, “will help
increase the number of women — especially
women of color — running for
and elected to public office across the
city and state of New York.”
With Brooklyn Democratic Party
comprising people of all backgrounds
and all walks of life, the newly-elected
chair said “it is more important than
ever that our leadership reflects the
diverse communities that have kept
Brooklyn and our Democratic Party
going for decades.”
She noted that more women of color
and descendants of immigrants, like
her, are running for public office “to
amplify the voices of their local communities
and add to the public discourse.”
“Moreover, community and grassroots
engagement are necessary to
increase civic engagement across the
borough,” Bichotte said.
From the judicial bench to Gracie
Mansion, the official residence of the
Mayor of New York, Bichotte said she
has weighed in on local and citywide
races, “providing critical support in
organizing, petitioning, fundraising,
canvassing and community outreach.”
Although she has helped elect several
male candidates to higher office, most
notably New York City Mayor Bill de
Blasio, City Comptroller Scott Stringer
and City Public Advocate Jumaane D.
Williams, the son of Grenadian immigrants,
Bichotte said she has “made
it a point to support qualified female
candidates.”
Those elected officials comprise,
among others, New York State Attorney
General Letitia “Tish” James; Congresswoman
Yvette D. Clarke, the daughter
of Jamaican immigrants; New York
State Senator Guyanese-born Roxanne
Persaud; New York Council Members
Laurie Cumbo and Farah N. Louis,
the daughter of Haitian immigrants;
New York State Assembly Members
Latrice Walker, Tremaine Wright, Mathylde
Frontus, the daughter of Haitian
immigrants, and Diana Richardson,
the daughter of Aruban and St. Martin
immigrants; and Judges Caroline
Cohen, Grenadian Derefim Neckles and
Margarita Lopez.
Continued from Page 1
Guyana’s Department of Energy
Head, Mark Bynoe (left) and US Ambassador
Sarah Ann Lynch in conversation
at cocktail.
Department of Public Inmformation, Guyana
Guyana exports
first shipment
of crude oil
Bichotte takes over the helm
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