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Guyana's Q1 Oil Output Rises 3% YoY to 631,000 bpd, Exxon's Yellowtail Project to Boost Q4 Output to 786,000 bpd
Written byAinvest
Thursday, Apr 24, 2025 9:55 pm ET1min read
Guyana's Q1 oil output rose 3% YoY to 631,000 bpd, with March production falling 3% from February to 627,000 bpd. Exxon's Yellowtail start-up is expected to boost Q4 output to 786,000 bpd. The Exxon group is in final talks with the government to relinquish a portion of its Stabroek block. Oil revenue from royalties and cargo sales was $605.46 mln in Q4 2024.
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