Platts, the pricing benchmark unit of S&P Global Commodity Insights, will start publishing a daily assessment of Guyana’s Golden Arrowhead crude today, providing an independent valuation of the country’s newest oil grade ahead of its expected production start this month.
The assessment will reflect the free-on-board (FOB) value of 1-million-barrel cargoes of Golden Arrowhead crude loading 30 to 60 days forward from the ONE GUYANA floating production, storage and offloading (FPSO) vessel. The FPSO is assigned to ExxonMobil’s Yellowtail development, the fourth oil project planned to come online in Guyana’s Stabroek Block.
Golden Arrowhead is set to join other Guyanese crudes already assessed by Platts, including Liza, Payara Gold, and Unity Gold. The assessments serve as key benchmarks for global crude pricing, especially for buyers and traders seeking transparency and comparability across oil grades.
Platts will publish Golden Arrowhead’s outright price, as well as its differentials to the Latin America Dated Brent strip, ICE Brent Futures strip, and WTI strip — all aligned with the same 30 to 60 day loading window. In the absence of direct bids, offers, or trades, Platts said it may assess the crude based on spreads to comparable grades or delivered market data.
Golden Arrowhead, also known as Yellowtail crude, has an API gravity of 36.5 degrees and sulfur content of 0.25%. S&P has called it Guyana’s first light-sweet crude, given its higher API gravity. The grade is produced by a consortium led by ExxonMobil Guyana Limited (45%), with Chevron Corporation (formerly Hess Guyana Exploration Limited) holding 35% and CNOOC Petroleum Guyana Limited 20%.

The ONE GUYANA FPSO arrived at the Stabroek Block in April and is expected to ramp up to its full nameplate capacity of 250,000 barrels per day (b/d). S&P Global Commodity Insights analysts project the country’s crude production will reach 900,000 b/d in 2025 and exceed 1 million b/d by end-2026.
Golden Arrowhead’s assessment will be available on Platts Global Alert and Crude Oil Alert pages 280 and 281, and will be published in Crude Oil Marketwire, Latin American Wire, and the Oilgram Price Report.