Guyana is now receiving between 10 million and 12 million barrels of crude oil per month from the Stabroek block, up from about three million barrels previously, as a smaller share of production is being used to recover project costs. The Ministry of Natural Resources said the jump follows the recovery of roughly US $55 billion in costs by the Stabroek Block partners.
With a larger share of production now classified as profit oil, Guyana’s current entitlement works out to approximately 39.8% of total barrels produced. But the Ministry was clear that this figure is not Guyana’s share of profit oil itself: under the 2016 Stabroek Block Production Sharing Agreement, Guyana receives 50% of profit oil, and that share has not changed.
The distinction comes down to how much of each barrel goes to cost recovery before profit oil is even calculated. The Ministry said about 20 of every 100 barrels produced are currently used for cost recovery, leaving the rest as profit oil. Guyana takes half of that profit oil, which is what produces the 39.8% figure against overall production.
That’s a marked shift from when the cost-recovery ceiling sat at its maximum of 75%, a period when Guyana’s profit-oil entitlement worked out to only about 12.5% of total production. According to the Ministry, strong production and favourable oil prices let the partners recover costs faster than expected, pushing Guyana into this higher-entitlement stage roughly two years ahead of schedule.
Stabroek Block production currently sits at around 900,000 barrels per day, the Ministry said, and the entitlement increase has lifted Guyana’s monthly cargo allocation from roughly three million barrels to between 10 million and 12 million.
Guyana also collects a separate 2 % royalty on crude produced and sold from the block, which brought in US $306 million in the first half of 2026, according to the Ministry.
ExxonMobil operates the Stabroek Block with a 45% interest. Chevron holds 30% following its acquisition of Hess, and CNOOC holds the remaining 25%.