Guyana’s oil production has climbed to an estimated 900,000 barrels per day (bpd) following the successful ramp-up of the One Guyana Floating Production, Storage and Offloading (FPSO) vessel to its peak production capacity, according to the Natural Resource Fund’s (NRF) first quarter 2026 report.
The report noted that Guyana’s fourth FPSO, which forms part of the Yellowtail development project, began production offshore Guyana in early August 2025 and reached its peak capacity of 250,000 barrels per day in November that year.
“Guyana’s fourth FPSO – Yellowtail development project began production offshore Guyana in early August 2025 and the One Guyana FPSO achieved its peak capacity of 250,000 bps in November 2025,” the report stated.
According to the report, the vessel’s ramp-up to full production capacity has significantly boosted the country’s overall output.
“The ramp-up of the FPSO to full capacity has reportedly taken Guyana’s daily production level to an estimated 900,000 bpd,” the report said.
The NRF report also indicated that production could rise even further if regulatory approval is granted for additional output from the One Guyana FPSO.
“However, this daily production level could be further increased, as the One Guyana FPSOs is reported to have the potential to ramp-up to a maximum capacity of 290,000 bpd, subject to government approval,” the report added.
The report highlighted that production levels have also been supported by strong performances from Guyana’s other offshore developments. The Liza Destiny FPSO is reportedly producing above its designed capacity of 120,000 bpd, while the Liza Unity and Prosperity FPSOs are also operating above their expected capacities of 220,000 bpd each.
Looking ahead, Guyana’s production is expected to continue expanding. The Uaru development, approved in April 2023, is slated to begin operations in the latter half of 2026 and is expected to add approximately 250,000 bpd. The Whiptail project, approved in 2024, is expected to contribute another 250,000 bpd when it comes on stream by the end of 2027.
Further developments, including Hammerhead and Longtail, are also progressing, with the NRF report projecting that Guyana’s oil production could reach approximately 1.5 million barrels per day by the end of the decade.
