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Guyana Hits 1M Barrels Daily | Guyana News
Guyana’s oil boom just hit a major milestone as daily production surges past one million barrels thanks to its fifth and biggest floating vessel, set to arrive before the end of 2026. Priced at $12 billion, this new ship will add 250,000 barrels per day to the current 920,000 barrels from four existing vessels. President Dr. Irfaan Ali revealed that despite unchanged production deals since 2016, Guyana’s profit share has skyrocketed from 12.5% to nearly 40%, thanks to faster repayment of initial costs. For every hundred barrels of profit, Guyana now captures forty — fueling investments in…
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