The Guyana Government is expected to see a significant increase in oil revenue by the end of the year. According to the Finance Ministry’s mid-year report, the country is expected to rake in US$5.9B from the sale of Guyana’s share of profit oil and US$508.1M in royalties this year.
According to the report, there were 162 lifts of crude oil from the Stabroek Block in the first half of the year.
During the period January to June 2026, the Government received over US$1.7 billion as revenue from its share of profit oil, which included payments for three lifts that occurred in the final quarter of 2025, and 18 of the 21 lifts that occurred in the first six months of this year.
Government also received US$218.4 million in royalties related to crude oil production and sales in the final quarter of last year, and the first quarter of this year.
The cumulative balance, inclusive of interest income of US$66.9 million, at the end of June was US$4.2 billion, after withdrawals of over US$1 billion.
“In the first half of the year, rapid development and elevated crude oil prices accelerated cost recovery in the Stabroek Block. Under the Stabroek Block Production Sharing Agreement (PSA) fiscal framework, the co-venturers are allowed to recover costs up to 75 percent of gross revenue from volumes produced and sold, and the remaining profit oil is shared 50/50 between the Government of Guyana and these partners. As gross revenue increases and the cost bank reduce, the cost-oil deduction falls toward current operating costs, and Guyana receives more profit oil, consistent with the Agreement,” government said in explaining the jump in its revenues.
The Finance Ministry explained that 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, it says most recent projections now indicate an estimated 326 lifts of profit oil from the Stabroek Block, with an estimated 84 lifts for Government.
“With the additional lifts and higher crude oil prices, petroleum deposits for the year are now projected to total US$6,497.6 million, 136.8 percent higher than projected at the time of preparing Budget 2026. Government is now expected to earn US$5,972.5 million from the sale of Guyana’s share Page 22 of 107 of profit oil, and US$508.1 million in royalties. Further, in accordance with the NRF Act 2021, US$2,374.3 million is expected to be withdrawn from the Fund this year,” the Ministry of Finance said.
The Government said it continues to strengthen the institutions and pillars that underpin Guyana’s petroleum legislative framework, ensuring our capacity to monitor the sector and manage its expansion. This work continues to support sustained momentum in production and exploration, deeper local participation, and the transparent management of petroleum revenue in the national interest.
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