Guyana receives over G$159 billion in fresh oil revenues

Guyana received more than G$159 billion in oil revenues during the first quarter of 2026, according to receipts made public in the Official Gazette.

The Ministry of Finance notice details receipts paid into the Fund between December 30, 2025, and March 31, 2026, including profit oil and royalty payments from offshore production.

The bulk of the inflows came from profit oil lifts across ExxonMobil-operated projects, including the Liza Unity, Liza Destiny, Prosperity and One Guyana FPSOs. Individual payments ranged from approximately G$12.3 billion to G$15.1 billion per cargo.

A major contributor was a G$23.1 billion royalty payment linked to fourth-quarter 2025 production, reflecting the government’s fixed two percent royalty under the production sharing agreement.

Production has been steadily ramping up with multiple FPSOs now online, positioning Guyana among the world’s fastest-growing oil producers.

Under Guyana’s oil regime, profit oil represents the government’s share of crude after cost recovery and royalties are paid quarterly based on total production. All revenues are deposited into the Natural Resources Fund and reported on a cash basis, with figures subject to adjustment following price reconciliation.

Guyana’s government has said the Fund is designed to ensure transparent management of oil wealth, with withdrawals governed by parliamentary approval under the Natural Resource Fund Act.