Guyana Oil Exports to Top One Million Barrels Per Day
Guyana is set to surpass one million barrels per day in crude oil exports for the first time this December, marking a rapid rise for the new South American producer.
Guyana is poised to surpass one million barrels per day (bpd) in crude oil exports for the first time this December, according to Bloomberg data cited by OilPrice. The preliminary loading schedule for the month includes 33 million barrels of crude exports, which equates to approximately 1.06 million bpd. This milestone comes just seven years after the country produced virtually no crude oil.
Expansion and New Grades
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The country's hydrocarbon development began in 2015 when ExxonMobil discovered significant oil resources in the offshore Stabroek Block, with commercial production starting in December 2019 via the Liza Phase 1 development. The upcoming December loading schedule includes the first shipment of the country's new Uaru crude grade, scheduled for December 11–12, with total Uaru exports expected to reach four million barrels during the month.
ExxonMobil's expansion in the region has included multiple floating production, storage and offloading (FPSO) vessels, such as Liza Unity, Prosperity, and ONE GUYANA. By November 2025, production had reached 900,000 bpd, and cumulative production from the Stabroek Block surpassed one billion barrels in September 2026.
Future Capacity Targets
Additional projects are expected to further boost capacity toward 1.7 million bpd by 2030. The $12.7 billion Uaru project relies on the Errea Wittu FPSO, which arrived in August 2026 with a production capacity of 250,000 bpd. Subsequent developments like Whiptail, Hammerhead, and Longtail are slated to come online through the end of the decade, driving broader economic growth as the IMF reported Guyana's economy grew more than 19% in 2025.
Key facts
- Guyana's December crude exports are scheduled at approximately 1.06 million bpd.
- The first shipment of the new Uaru crude grade is set for December 11–12.
- Commercial production in Guyana began in December 2019 following discoveries in the Stabroek Block.
- Cumulative Stabroek Block production surpassed one billion barrels in September 2026.
Source: oilprice.com
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