Guyana’s Oil Production Is Established; Regional Hub Plans Remain Prospective
Guyana has produced offshore crude since 2019 and is reported to be producing about 900,000 barrels a day. Guyana Times says the planned Uaru project is expected to lift output above one million barrels a day by year-end 2026, while a regional energy corridor and gas pooling remain plans or discussions. Suriname anticipates its first offshore production in 2028.
Guyana Times reports a contrast between established oil production and a regional energy hub that President Dr Irfaan Ali wants Guyana to help build. Guyana began producing light sweet crude offshore in the Stabroek Block in 2019, and output from its operating projects is reported at approximately 900,000 barrels per day. The publication says ExxonMobil is preparing the Uaru project for later in 2026, with output expected to exceed one million barrels per day by year-end.
Regional cooperation remains prospective. Guyana Times describes a regional energy corridor under development to connect northern South America and the wider Caribbean, linking offshore gas resources, markets and shared infrastructure. Ali said Guyana and Suriname were discussing the possibility of pooling natural gas resources; the report does not describe that arrangement as finalized. Suriname is preparing for its first offshore production in 2028, according to the publication.
Ali has said he wants Guyana eventually to become a net energy producer able to supply neighboring countries. The corridor, gas discussions and broader integration plans are distinct from the country’s current oil production and the planned increase associated with Uaru.