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CNOOC ships first Golden Arrowhead crude from Guyana to China
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CNOOC ships first Golden Arrowhead crude from Guyana to China
Nov 25, 2025 2:38 AM

SINGAPORE, Nov 25 (Reuters) - China, world's top oil

importer, will receive its first Golden Arrowhead crude cargo

from Guyana in December, according to trade sources and shipping

data, as producer CNOOC Ltd seeks to expand markets

for the new grade.

CNOOC loaded the 1-million-barrel cargo onto Very Large

Crude Carrier Sophia on November 3 which will discharge its

cargo on December 15 at Huizhou in southern Guangdong province

where CNOOC operates a refinery, data from shipping analytics

firm Kpler showed. The tanker is also carrying about 800,000

barrels of Liza crude for Huizhou, the data showed.

Guyana is ramping up exports as its oil production from a

consortium led by Exxon Mobil ( XOM ) has risen to 900,000

barrels per day (bpd) following the start-up of the group's

fourth floating output facility in August. Exxon's partners

include Hess and CNOOC.

The fourth facility produces Golden Arrowhead, a light sweet

crude with an API density of 36.5 degrees and contains 0.25%

sulphur. The oil has mostly been shipped to Europe so far.

India is also due to receive its first GAH cargo in

December, after Exxon sold 2 million barrels of the oil to state

refiner Indian Oil Corp last month.

Guyana's exports have hit an all-time high of about 700,000

bpd so far this year, up from 622,000 bpd in 2024, Kpler data

showed.

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