Guyana's Oil Ledger

Production surges at Exxon’s Liza 2 and Payara projects

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

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...

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

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

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...

Guyana’s rate of oil output increased by 5% in February

Guyana’s offshore oil production rate climbed by 5% in February 2025 compared to the previous month, reaching an average of 648,000 barrels per day (b/d), up from 620,000 b/d in January, according to government data. Despite the increase in the...

Guyana got US$225 million in oil sales revenue in February 

Guyana’s Natural Resource Fund (NRF) received deposits totaling US$225.75 million (G$47.07 billion) in February 2025. This amount represents payments for sale of Guyana’s entitlement of crude oil from production offshore by ExxonMobil. In February, when assessed against Brent, daily price...

Guyana’s oil production averaged 620,000 bpd in January

Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced was 19.2 million barrels. Tankers lifted 20 cargoes of approximately a million barrels each in January,...

Guyana’s oil fund got US$230 million in deposits in January 

Guyana’s Natural Resource Fund (NRF) received US$230 million (GY$48 billion) in deposits in January. These included payments for two lifts of crude oil sold in December and royalties for crude oil produced and sold in the fourth quarter of...

Guyana oil production averaged 656,000 b/d in December

ExxonMobil Guyana produced 20.3 million barrels of crude in December 2024 at an average rate of approximately 656,000 barrels per day (b/d). Production was nearly 156,000 b/d at Liza 1, 251,000 b/d at Liza 2, and 250,000 b/d at Payara.  December...

Guyana earned US$2.57 billion from oil in 2024

Guyana received US$2.57 billion (GY$536 billion) in oil revenue in 2024, based on monthly and quarterly reports of the Natural Resource Fund (NRF). The amount is 59% more than the approximately US$1.62 billion (GY$337 billion) that the NRF received...

Latest News

Snapshot: Exxon’s first Stabroek Block tie back development tapping three oil fields 

ExxonMobil’s Uaru development is the first Stabroek Block project to utilize a subsea tieback connecting three fields - Uaru,...