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Guyana's oil output fell slightly in June to 664,000 bpd
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Guyana's oil output fell slightly in June to 664,000 bpd
Jul 28, 2025 10:43 AM

By Kemol King

GEORGETOWN, July 28 (Reuters) - Average crude production

in oil-rich Guyana declined to 664,000 barrels per day (bpd) in

June from 667,000 bpd the previous month, the government said.

Guyana, where all oil and gas output is controlled by a

consortium led by U.S. major Exxon Mobil ( XOM ) since the

country inaugurated offshore production in 2019, expects to

surpass 900,000 bpd of capacity later this year once a fourth

floating output facility begins operations.

In June, production at the Liza 2 project increased but was

not enough to offset a fall at the Liza 1 project, the figures

showed.

Despite the June decline, the South American country's

oil output averaged 639,000 bpd in the first half of this year,

above the 623,000 bpd of the same period last year.

Guyana's government separately reported $191 million from

its share of oil sales last month, bringing total income from

sales and royalties in the first half of the year to $1.22

billion.

The Exxon-led group, which also includes China's CNOOC

and Chevron ( CVX ) after its acquisition of U.S.

producer Hess, had recovered a total of $35.9 billion in

expenses through the end of the first quarter, a report from

Guyana's central bank said.

Two audits about the recovery of the Exxon consortium's

expenses have been completed in recent years, and the parties

are now discussing how to conciliate their disagreements over

figures after one of the disputes was marked for arbitration.

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