ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block developments, according to newly released government data.
The month was defined by continued stability at the mature projects and a sharp climb in volumes at Yellowtail as it moved toward full capacity.
Yellowtail, ExxonMobil’s fourth development, averaged 203,000 b/d for the month, up from 134,000 b/d in September. Production began on August 8 and has since accelerated steadily, reaching its 250,000 b/d design capacity in early November.
The other projects held consistent levels, with Liza 1 averaging 128,000 b/d, Liza 2 averaging 263,000 b/d, and Payara averaging 248,000 b/d. Notably, Liza 1 has declined from its 160,000-b/d peak last year, though it is still operating above its original design rate of 120,000 b/d.
By the end of September, year-to-date output averaged 680,000 b/d, up from 608,000 b/d in the same period last year, reflecting the scale and speed of expansion in the Stabroek Block. Average output is on track to exceed 710,000 b/d for the full year, surpassing the government’s original projection by more than 30,000 b/d.
All current production is operated by ExxonMobil (45% stake), with partners Hess (now part of Chevron) and CNOOC holding 30% and 25% respectively.
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.
