Guyana Oil Exports Set to Surpass 1 Million Barrels per Day for First Time
Argentina Takes Falklands Oil Fight to International Tribunal Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… Guyana, one of the world's newest oil exporters, is poised to surpass one million barrels per day in crude oil exports for the first time this December, marking another extraordinary milestone for the small South American country.
According toBloomberg, December's preliminary loading schedule includes 33 million barrels of crude exports, equivalent to approximately 1.06 million bpd.
The first shipment of the country's new Uaru crude grade is scheduled for December 11–12, with total Uaru exports expected to reach four million barrels during the month.
The achievement is particularly remarkable considering the country produced virtually no crude oil just seven years ago.
Guyana's hydrocarbon development began in 2015, when ExxonMobil discovered significant oil resources in the offshore Stabroek Block.
Commercial production followed in December 2019, with the Liza Phase 1 development and itsLiza Destinyfloating production, storage and offloading (FPSO) vessel initially designed to produce 120,000 bpd.
The expansion has been relentless ever since.
In February 2022, ExxonMobil brought theLiza UnityFPSO online, adding approximately 220,000 bpd of capacity.
November 2023 saw the arrival ofProsperityat the Payara development, followed by theONE GUYANAFPSO at Yellowtail in August 2025, adding another 250,000 bpd.
By November 2025, ExxonMobil hadconfirmedthat production had reached 900,000 bpd.
The latest milestone follows another historic achievement: in September 2026, ExxonMobilannouncedthat cumulative production from the Stabroek Block had surpassed one billion barrels.
And Guyana's production boom is only just getting started.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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