Guyana's Oil Ledger

Payara soars, boosting Guyana’s oil production outlook 

Oil production at ExxonMobil’s Payara development has been optimized in record time, delivering oil output in excess of 250,000 barrels per day (b/d) in its eighth month of production. Payara, which achieved first oil in November 2023, first reached its...

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Guyana raises 2025 growth forecast to 15.2% on stronger oil output

Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset...