ExxonMobil Guyana Production Slightly Dipped To 903,000 Barrels Per Day

  • 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 totalled approximately 27 million barrels during the month, down from 28.2 million barrels in March.
  • Despite a month-over-month decline, Guyana's crude oil production remained near record levels, exceeding 109 million barrels during the first four months of 2026 and averaging approximately 911,000 b/d, with April production distributed across Liza 1 (122,000 b/d), Liza 2 (259,000 b/d), Payara (261,000 b/d), and 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 maintain output above their original nameplate capacities following optimisation 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 optimisation work at the Yellowtail development, which could increase output from the project to approximately 290,000 b/d. 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.
  • 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%.

(Source: OilNow Guyana)