Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to vessel tracking data compiled by OilNOW.
Spain and Italy each took one, while two went to the United Kingdom. The Yellowtail project started in August, and the one cargo lifted in that month went to the Netherlands. Europe continues to dominate the list of takers of Guyana’s crude oil.
Thirteen of the 23 oil cargoes lifted from the four developments of the Guyana Stabroek Block operated by ExxonMobil in September went to Europe, accounting for 57% of total exports.
The distribution of the cargoes, each typically a million barrels of crude, was as follows:
- Europe 13 cargoes, 57%: Netherlands 3, Spain 2, Greece 1, United Kingdom 3, Poland 2, Germany 1, Italy 1.
- Americas 9 cargoes, 39%: Panama 4, United States 3, Brazil 1, Bahamas 1.
- Other 1 cargo, 4%: Turkey.
The data was compiled from Guyana’s Maritime Administration Department (MARAD), ship-tracking platforms MarineTraffic, VesselFinder and Maritime Optima, and proprietary insights from analytics firm OilX. While Panama and the Netherlands typically take the highest shares of crude produced, those hubs often serve as transshipment and redistribution points.
ExxonMobil said Guyana production averaged 740,000 barrels per day (b/d) in September, the highest monthly average so far. Output is expected to rise toward 900,000 b/d as the Yellowtail project continues to ramp up.
Guyana’s offshore crude is produced by ExxonMobil, in partnership with Hess, recently acquired by Chevron, and CNOOC, under a production sharing agreement that divides liftings among them and the government of Guyana. Of about 246 cargoes expected for export in 2025, each party receives allocations aligned with its entitlement share.
