Total Guyana Revenue (to NRF)
$6.2 Billion
Since production began in 2019.
Oil Company Profits (2024)
Includes profit oil share and after-tax earnings from Guyana operations.$10.4 Billion
From Stabroek Block operations.
Current Production
>650,000 bpd
Projected to reach 1.3M+ bpd by 2027.
Annual Revenue Comparison
Updated: July 2025Revenue Data Details
| Year | Govt Revenue (US$) | Company Profits (US$) | Production (Barrels/Day) |
|---|---|---|---|
| 2020 | 150 million | 500 million | 120,000 |
| 2021 | 600 million | 2.5 billion | 220,000 |
| 2022 | 1.2 billion | 5.8 billion | 360,000 |
| 2023 | 1.8 billion | 8.2 billion | 540,000 |
| 2024 | 2.6 billion | 10.4 billion | 620,000 |
| 2025* | 901.6 million | Data pending | 650,000 |
*2025 data shows January-April figures only. Projected full-year government revenue: $2.5 billion
Methodology: How We Calculate the Numbers
Our estimates are based on publicly available information and the terms of Guyana's Production Sharing Agreement (PSA) with oil companies. The calculations consider the following factors:
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Monthly production volumes from government and company reports.
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Brent crude price benchmarks with Guyana-specific adjustments.
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2% royalty on gross production value.
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75% cost recovery cap on development and operational expenses.
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50/50 profit oil split after cost recovery.
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Taxes for the oil companies are paid by the Government of Guyana out of its share of profit oil.
Important: These calculations provide estimates that may differ from official figures. Actual allocations may vary based on detailed contract terms, unreported adjustments, and reconciliation processes. Data is updated based on the latest available public information.
Revenue Calculation Formula
((Gross Value - Royalty - Recoverable Costs) × 50%)
Note: The government's share of profit oil is used to pay the corporate income tax of the oil companies.
Major Offshore Projects
Liza Phase 1
Operated by ExxonMobil (45%), with Hess (30%) and CNOOC (25%).
Liza Phase 2
Operated by ExxonMobil (45%), with Hess (30%) and CNOOC (25%).
Payara
Operated by ExxonMobil (45%), with Hess (30%) and CNOOC (25%).
The upcoming Yellowtail project is expected to begin production in 2025, adding approximately 250,000 bpd.
How Guyana's Oil Revenue is Allocated
Guyana's oil revenue is distributed according to the Production Sharing Agreement (PSA) for the Stabroek Block:
Government Take
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2% royalty on gross production.
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50% of profit oil after cost recovery.
Natural Resource Fund Withdrawals
In 2024, US$1.586 billion was withdrawn to support the national budget. For 2025, a withdrawal of US$2.463 billion is approved.
Oil Company Share
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Up to 75% for cost recovery.
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50% of profit oil after cost recovery.
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Exempt from corporate income tax, which is paid on their behalf by the government from its profit oil share.
The current PSA terms for the Stabroek Block have been a subject of public debate. The government has indicated that while it will respect the sanctity of the existing contract, new PSAs for other blocks will have more favorable terms for Guyana, including a 10% royalty rate, a 65% cost recovery ceiling, and a 10% corporate tax.
Future Projections
With multiple FPSOs operational and more planned, Guyana's production and revenue are set for significant growth.
Production Capacity by 2027
~1.3 Million bpd
IMF GDP Growth Forecast (2025-2029)
Average 14% annually
Projections are based on sanctioned projects and economic models from the IMF and World Bank. Future revenues are subject to oil price volatility.
Comparative Analysis
How Guyana's revenue share compares to other oil-producing nations.
Government Take Comparison (Estimated)
Government Revenue per Barrel (Illustrative)
Note: Government take and revenue per barrel are complex calculations that vary based on oil price, production costs, and specific contract terms. These figures are illustrative. Guyana's effective take is expected to increase significantly once the oil companies' initial investment costs are recovered.