Guyana’s 2026 oil earnings forecast jumps from US$2.8B to US$6.5B

(Kaieteur News) – At the beginning of this year, the Government of Guyana (GoG) anticipated earnings from the oil and gas sector to reach US$2.8 billion but a revised forecast shows a strong leap to US$6.5 billion

The mid-year report published this week by the Ministry of Finance, pointed to the ongoing tension in the Middle East which has pushed oil prices up, helping the country to repay the investments by ExxonMobil in the Stabroek Block earlier than expected. This has resulted in more barrels of oil being directed to Guyana, increasing the country’s share of earnings significantly.

Consequently, Guyana is poised to receive 84 oil lifts, instead of 40. The report states, “At the time of preparing Budget 2026, it was anticipated that government would have 40 of the 309 lifts of profit oil expected from the Stabroek Block. Most recent projections now indicate an estimated 326 lifts of profit oil from the Stabroek Block, with an estimated 84 lifts for government, following cost bank desaturation, and planned ramp-up of crude oil production from the One Guyana FPSO.” Each oil lift is equivalent to about one million barrels of oil.