Guyana’s Natural Resource Fund (NRF) received almost US$10 million per day in oil revenues in January, as payments for the last crude cargoes produced and sold in 2025 were deposited into the account.
According to the Bank of Guyana’s latest NRF report, the Fund received US$110.9 million (GY$23 billion) in royalties in January. That sum represents the statutory 2% royalty on the value of all crude oil produced and sold in the fourth quarter of 2025.
In addition, the Fund received US$184.1 million (GY$38 billion) in profit oil revenues. Together, the inflows totaled about US$295 million (GY$61 billion) for the month. Spread across 31 days, that equates to nearly US$10 million daily flowing into the State’s oil account.
The January receipts represent payments for three lifts of crude produced in 2025, as the final cargoes for that year. The individual payments amounted to US$60.9 million, US$62.1 million and US$61.1 million.
After accounting for those inflows, the NRF closed January with a balance of US$3.56 billion (GY$741 billion). The Fund, which is held at the Federal Reserve Bank of New York, receives all petroleum revenues on behalf of the state.
For 2025 overall, the NRF recorded more than US$2.1 billion (GY$443 billion) from government oil sales, over US$330 million (GY$69 billion) in royalties, and US$15 million (GY$3 billion) in signature bonus payments. A US$15 million signing bonus was paid in 2025 by TotalEnergies, QatarEnergy and Petronas following their award of Block S4. Each company paid its share separately.
A US$17 million signing bonus is expected this year from Cybele Energy for the award of Block S7 in the fourth quarter of 2025.
Guyana expects 309 oil lifts in 2026, up from 260 in 2025, with each cargo averaging about one million barrels. Based on the government’s projected share of those cargoes, oil revenues to the State are estimated at approximately US$2.79 billion this year, including payments for oil sales and royalties.
ExxonMobil produced an average of 716,000 barrels of oil per day (b/d) in 2025 and increased capacity to more than 900,000 b/d in the later months. Overall, Guyana, now Latin America’s newest oil producer, has rapidly become one of the region’s largest, driven by investments from the ExxonMobil-led consortium, which includes Hess, now owned by Chevron, and CNOOC.
