A very large crude carrier (VLCC), the Yuan Peng Yang, is transporting about two million barrels of crude produced offshore Guyana to Ningbo, China, according to analytics firm OilX.
The crude was loaded from the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels, notices from Guyana’s Maritime Administration Department (MARAD) show. OilX data indicate the tanker departed Guyana earlier this month and is expected to discharge at Ningbo on November 26.
The shipment represents a double cargo, roughly twice the typical one-million-barrel liftings from the ExxonMobil-operated Stabroek Block.
China does not regularly import Guyanese crude; the voyage distance is long. Earlier this year, in May 2025, independent price reporting agency Quantum Commodity Intelligence reported the first shipment of Guyanese crude to China in three years. The shipment was transported aboard the VLCC Ulysses, which departed the Liza Destiny on May 14.
Most of Guyana’s crude exports are destined for Europe, with Panama and the Netherlands among the top direct recipients, according to months of data examined by OilNOW.
Crude production from the Stabroek Block, operated by ExxonMobil, averaged about 740,000 barrels per day (b/d) in September, and is even higher currently, according to Exxon. Output is gradually increasing toward the installed capacity of about 900,000 b/d as the Yellowtail project, which began production in August, ramps up to its full 250,000 b/d capacity.
The ExxonMobil-led Stabroek Block developments are executed in partnership with Hess, acquired by Chevron, and CNOOC.
