Guyana's oil production grew from zero to 645,000 barrels daily from 2019 to 2023, with a 98,000 barrels daily average annual increase.
Guyana has emerged as a significant contributor to global crude oil supply growth, with the third-fastest production growth rate globally, following the US and Brazil. From 2019 to 2023, Guyana's oil production increased at an average annual rate of 98,000 barrels daily, growing from zero to 645,000 barrels daily in 2023. All of Guyana's oil currently comes from the Stabroek Block, operated by Exxon, Hess Corp., and CNOOC.
May 21, 2024
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