ExxonMobil’s Yellowtail offshore oil project in Guyana averaged 258,000 barrels per day (b/d) in November, according to newly released government data.
Total offshore output across the four producing developments in Guyana’s Stabroek Block averaged about 894,000 b/d in November, up from 841,000 b/d in October, the data showed.
Yellowtail, the newest project, started production in August and reached design capacity in early November.
The Liza 2 and Payara projects held stable in November, averaging about 269,000 b/d and 262,000 b/d, respectively. Liza 1 averaged around 105,000 b/d after low output in the final third of the month, the data showed.
By the end of November, year-to-date production averaged approximately 699,000 b/d. Full-year output is expected to average between 700,000 and 725,000 b/d.
All current offshore production is operated by ExxonMobil, which holds a 45% stake in the Stabroek Block. Co-venturers include Hess, now part of Chevron, with 30%, and 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.
