Guyana's crude oil exports to exceed 1M barrels daily in December
Summary
Guyana is poised to surpass 1 million barrels a day in crude oil exports for the first time, beginning with the shipment of its Uaru grade in December. This significant milestone is facilitated by the country's ongoing expansion of offshore production capabilities, particularly through new FPSO projects in the Stabroek Block, and reflects its increasing influence in global oil supply chains as international operators partner with the Guyanese government on various developments.
Analysis
Guyana: Guyana is a South American nation whose offshore oil sector in the Stabroek Block has driven rapid economic growth through multiple development projects. The country operates several FPSOs and is introducing new crude grades such as Uaru to international markets. Recent advancements include the arrival and upcoming operation of the Errea Wittu vessel, supporting expanded exports starting in December. Market Impact: The introduction of additional crude grades enhances Guyana's role in global oil supply chains. Oil Development: Guyana continues to expand its offshore production capacity through additional FPSO projects in the Stabroek Block. Energy Partnerships: International operators are collaborating with the Guyanese government on multiple offshore developments.
Categories
macropolitics
Related sources
- https://oilnow.gy/featured/uaru-output-projected-to-reach-215000-b-d-by-2027-sp-global/
- https://www.bloomberg.com/news/articles/2026-10-13/guyana-oil-exports-to-top-1-million-barrels-a-day-for-first-time
- https://www.caribbeantoday.com/sections/business-blog/guyana-advancing-new-oil-exploration-blocks
- https://www.caribbeantoday.com/sections/business-blog/guyana-s-oil-production-in-stabroek-block-hits-900-000-barrels-per-day
- https://www.headliner.nl/artikelen/guyaanse-ruwe-olie-export-overschrijdt-1-miljoen-vaten-per-dag-start-uaru-zendingen-december-199253
- https://www.caribbeantoday.com/sections/business-blog/exxonmobile-guyana-outlines-plans-for-energy-development
- https://oilprice.com/Energy/Crude-Oil/Guyana-Oil-Exports-Set-to-Surpass-1-Million-Barrels-per-Day-for-First-Time.html
- https://oilnow.gy/featured/panama-italy-lead-list-of-direct-destinations-for-guyanese-crude-in-december/
- https://www.reuters.com/business/energy/guyana-may-scale-back-lng-plans-exxon-needs-more-gas-its-wells-sources-say-2026-10-13/