What is Guyana's new entitlement percentage to crude production from the ExxonMobil-led offshore project, and how does it compare to its original share?

Guyana is now entitled to 39.8% of crude production from the ExxonMobil-led offshore project, a significant increase from its original entitlement of 12.5%. This change follows the Exxon-led consortium's full cost recovery — $55 billion invested since 2014 — which was achieved about two years faster than expected due to the rapid development of the Stabroek block.

Why did Guyana's share of oil production increase, and what triggered this change?

Guyana's share increased because the Exxon-led consortium recovered the costs associated with the project, triggering a contractual shift in entitlement. As President Irfaan Ali stated, this cost recovery — totaling $55 billion since 2014 — occurred approximately two years ahead of schedule, enabling Guyana’s entitlement to rise from 12.5% to 39.8% of crude production.

Guyana Now Entitled to Nearly 40% of Production from Oil Block, President Says

Aug 18, 2026

Guyana's President announced the nation's entitlement to crude production rose to 39.8% after ExxonMobil recovered its $55 billion investment on the Stabroek block. This change significantly boosts national oil revenue compared to the original 12.5% share.

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Guyana Now Entitled to Nearly 40% of Production from Oil Block, President Says

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