Oil production offshore Guyana averaged 915,000 barrels per day (b/d) in January 2026.
Government data shows that output across the four ExxonMobil-operated projects in the Stabroek Block totaled 28.375 million barrels for the month, reflecting the continued ramp-up of the newest development and the impact of optimization work on previous projects.
Production in January was distributed across the projects as follows:
- Liza 1: 131,000 b/d
- Liza 2: 265,000 b/d
- Payara: 264,000 b/d
- Yellowtail: 255,000 b/d
The latest figures represent a steady climb in output over recent months. Production averaged 892,000 b/d in December 2025, 894,000 b/d in November, and 841,000 b/d in October.
The increase reflects the full contribution of the Yellowtail project, which began producing in August 2025. The project reached its initial target production of 250,000 b/d in November and has since exceeded that level, averaging about 255,000 b/d in January.
At the same time, other developments in the Stabroek Block are also producing above their initial nameplate levels following optimization work by operator ExxonMobil.
Crude production from the block averaged 716,000 b/d for the full year 2025.
Further growth is expected in the near term. The Uaru project, another Stabroek Block development, is slated to begin production this year and is designed to add about 250,000 b/d of new capacity.
ExxonMobil is likely to examine the scope to optimize production at Yellowtail. Such work could improve recovery rates and increase overall value from the development.
Beyond that, the Stabroek Block co-venturers are advancing plans for another project. ExxonMobil is preparing to submit a field development plan for the Longtail project, which would become the eighth development in the Stabroek Block.
All offshore production in Guyana is currently operated by ExxonMobil, which holds a 45% stake in the block. Its co-venturers are Hess, now part of Chevron, with 30%, and China’s CNOOC with 25%.
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.
