Oil production offshore Guyana averaged 685,000 barrels per day (b/d) in August, up from 664,000 b/d in July, driven mainly by the start-up of the Yellowtail project. The new development, which began production on August 8, averaged 75,000 b/d in its first weeks and is expected to continue ramping up toward its design capacity of 250,000 b/d by the final quarter of the year.
Among the other projects, Liza 1 averaged 131,000 b/d in August, a gradual decline from its plateau of 160,000 b/d, observed last year. Liza 2 averaged 233,000 b/d, down about 31,000 b/d from July, although this project can produce up to 270,000 b/d. Meanwhile, Payara hit 263,000 b/d, reflecting strong performance near its 265,000 apparent limit.
Exports from Yellowtail were limited in August, with a single million-barrel cargo shipped to the Netherlands. Additional cargoes followed in September as the field’s output slowly increased.
On a broader scale, year-to-date production averaged 648,000 b/d in the first eight months of 2025, up from 597,000 b/d in the same period last year. Installed capacity across Guyana’s four producing projects now exceeds 900,000 b/d. The government projects that combined output will reach 786,000 b/d in the final quarter.
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.
