Oil production at ExxonMobil’s Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in the previous month, government data shows. Yellowtail, ExxonMobil’s fourth project offshore Guyana, started production on August 8 and is ramping up to its design production capacity of 250,000 b/d.
In other parts of the ExxonMobil-operated Stabroek Block, Liza 1 averaged 129,000 b/d, close to its 131,000 b/d in August. Liza 2 produced 244,000 b/d, up from 233,000 b/d in August. Payara produced 264,000 b/d, keeping output stable from 263,000 b/d in August.
Combined production across the four projects was 771,000 b/d.
Year-to-date production as of the end of September was 662,000 b/d, up from 604,000 b/d in the same period last year. The Guyana government expects production to be 786,000 b/d in the fourth quarter of the year, an apparently conservative output considering the early start-up of the Yellowtail project and the pace of its ramp-up.
All of Guyana’s current oil production comes from the ExxonMobil-operated developments in the Stabroek Block, with partners Hess (acquired by Chevron) and CNOOC holding stakes in the projects.
Guyana’s Oil Ledger offers analyses of the latest oil production data and government oil fund receipts, published typically on a fortnightly basis. The column is authored by Kemol King, a journalist specializing in Guyana’s oil and gas sector.
