Guyana’s offshore oil industry has reached striking new levels of output, with daily production consistently near historic highs and industry forecasts pointing toward further expansion.
ExxonMobil and partners in the Stabroek Block are now producing close to 900,000 barrels per day (bpd) of crude oil, a level that places Guyana among the world’s fastest-growing oil producers despite the country having only begun commercial production in 2019.
The rapid scale-up has been underpinned by successive floating production, storage and offloading (FPSO) facilities, including Yellowtail — which alone contributes roughly 250,000 bpd — alongside earlier developments such as Liza 1, Liza 2 and Payara.
Looking ahead, industry analysts expect total production capacity to exceed 1 million bpd as additional projects like Uaru and Whiptail come online between 2026 and 2027.
Oil revenues have already had measurable macroeconomic impact: government projections suggest total oil-related revenues for 2025 could reach approximately US $2.5 billion, driven by robust export volumes and relatively stable crude pricing.
Beyond headline tonnage, Guyana’s evolution raises broader questions about resource management. Policymakers are balancing accelerated capital inflows with long-term sustainability goals, including economic diversification, infrastructure investment, and social services expansion. The nation’s oil stewardship model will be tested as production scales and revenues deepen.
Regionally, Guyana’s output surge is reshaping energy trade patterns, with increased crude flows stretching beyond traditional markets in the Americas and Europe and into Asia-Pacific demand centers. Sustained growth could drive further export diversification and logistical innovation in the Atlantic basin.