Crude oil production offshore Guyana averaged 903,000 barrels per day (b/d) in April 2026, a modest decline from 910,000 b/d in March, according to government data. Output from the four ExxonMobil-operated projects in the Stabroek Block totaled approximately 27 million barrels during the month, down from 28.2 million barrels in March.
Despite the monthly decline, production remains near record levels. Over the first four months of 2026, Guyana produced more than 109 million barrels of crude, averaging approximately 911,000 b/d.
Production in April was distributed as follows:
- Liza 1: 122,000 b/d
- Liza 2: 259,000 b/d
- Payara: 261,000 b/d
- Yellowtail: 262,000 b/d
The latest figures continue a gradual decline at the Liza 1 project, Guyana’s first offshore development, while the newer projects maintained output above their original nameplate capacities following optimization work carried out by ExxonMobil.
April’s average daily output was the lowest monthly average recorded so far this year. However, the broader trend remains one of sustained high production, supported by strong performance across the Stabroek Block’s newer developments.
Elevated crude prices have also helped support revenue generation for Guyana. Oil markets have remained sensitive to geopolitical tensions in the Middle East, contributing to stronger prices and higher receipts from crude sales and royalties.
Further production growth is expected before the end of the year. ExxonMobil is anticipated to undertake production optimization work at the Yellowtail development, which could increase output from the project to approximately 290,000 b/d. Similar optimization efforts previously lifted production capacity at the previous projects above their initial design rates.
The next major increase in national production is expected to come from the Uaru development, which is scheduled to begin production this year. The project is designed to add roughly 250,000 b/d of new capacity, pushing Guyana’s total oil production capability above the one million b/d threshold. ExxonMobil has said Uaru is expected to produce approximately 250,000 b/d once operational.
Startup is expected on Guyana’s Gas-to-Energy project at Wales this year. The government’s contractor Lindsayca is working to complete key onshore infrastructure needed to receive natural gas from the Liza field. Initial gas delivery is expected to occur at a rate of about 50 million cubic feet per day, supporting power generation and the extraction of natural gas liquids.
All offshore oil production in Guyana currently comes from the Stabroek Block, where ExxonMobil serves as operator with a 45% interest. Its partners are 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.
