Guyana's Oil Ledger

Guyana's Oil Ledger

Guyana’s oil output holds steady at 664,000 barrels per day in July

Kemol King -
Oil production offshore Guyana held steady in July, ahead of the Yellowtail project's start earlier this month.  ExxonMobil produced an average of 664,000 barrels per day (b/d) in July, nearly unchanged from June. Total monthly output reached 20.58 million barrels,...
Guyana's Oil Ledger

Exxon-led group pays Guyana over US$77 million in royalties for Q2 crude

Kemol King -
Guyana collected US$77.9 million (GY$16.2 billion) in royalties from ExxonMobil, Hess (acquired by Chevron) and CNOOC, for crude produced and sold offshore during the second quarter of 2025, according to the latest Natural Resource Fund (NRF) report.  This brought royalty...
Guyana's Oil Ledger

Guyana’s June oil output slipped slightly as new FPSO set to lift capacity

Kemol King -
ExxonMobil Guyana’s oil production dipped slightly in June, averaging 664,000 barrels per day (b/d) down from 667,000 barrels in May, even as two of the three producing projects reached near-optimal output levels. The Stabroek Block, operated by ExxonMobil, yielded a...
Guyana's Oil Ledger

Guyana gets another US$191 million from oil sales in June

Kemol King -
Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million barrels) in June, bringing total crude oil sales for the year so far to approximately US$1.05 billion (GY$219.7 billion).  The June...
Guyana's Oil Ledger

Guyana’s May oil output hits new high as Liza 2 and Payara ramp up

Kemol King -
Guyana’s offshore oil production reached a new milestone in May 2025, averaging an all-time high of 667,000 barrels per day (b/d). The surge represents a 9.17% increase over April’s output of 611,000 b/d, and brought total crude production for...
Guyana's Oil Ledger

Guyana’s 2025 oil revenues cross US$1 billion mark

Kemol King -
Guyana’s Natural Resource Fund (NRF) has surpassed the US$1 billion mark in crude oil revenue deposits this year through May 2025, as robust production from the ExxonMobil-led Stabroek Block continues to provide money for the government’s national development priorities. The most...
Guyana's Oil Ledger

Production surges at Exxon’s Liza 2 and Payara projects

Kemol King -
In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara projects averaging approximately 260,000 barrels per day (b/d) each. This indicates that ExxonMobil, the operator...
Guyana's Oil Ledger

Guyana got US$900 million from oil in first four months of 2025

Kemol King -
Guyana’s Natural Resource Fund (NRF) has received approximately US$901.6 million (GY$187.99 billion) in oil revenues for 2025 as of the end of April, Bank of Guyana reports show, reflecting continued robust inflows from the ExxonMobil-operated Stabroek Block. According to the...
Guyana's Oil Ledger

March oil output averages 627,000 b/d as Guyana closes Q1 with strong production 

Kemol King -
Offshore oil production in Guyana averaged 627,000 barrels per day (b/d) in March 2025, a modest dip from February’s 648,000 b/d. Despite the daily average easing, total production for March climbed to 19.4 million barrels, outperforming the 18.1 million...
Guyana's Oil Ledger

Guyana’s first quarter oil revenues top US$600 million despite lower prices

Kemol King -
Guyana’s Natural Resource Fund (NRF) recorded deposits totaling US$605.46 million (GY$126.24 billion) in the first quarter of 2025, representing earnings from the sale of seven lifts of profit oil and one quarterly royalty payment. The figure edges just above...
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