Blue Water Shipping banks on Caribbean oil boom

The Danish transportation and logistics company is opening an office in Guyana to benefit from a developing oil market, where Blue Water has collaborated for a few years with ExxonMobil, which has drilled into a big deposit in the country's waters.

Exxon Mobil had an FPSO ship built for Guyana's Liza field. | Photo: Exxon Mobil

US-based oil and gas supermajor ExxonMobil expects to extract 120,000 barrels of oil per day from the Liza field in Guyanese waters within the next few months. Upstream operations began on Dec. 20, 2019.

Danish company Blue Water Shipping is establishing itself in this potentially big oil market.

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