Latest update March 8th, 2026 12:45 AM
Guyana’s oil fund received almost US$618 million in second quarter of 2025
The Prosperity FPSO
Kaieteur News – Guyana’s Natural Resource Fund (NRF) received payments totaling US$617,955,248 (GY$126 billion) in deposits from oil revenues during the second quarter of 2025 for the Stabroek block operation.
The NRF receipt published in the official gazette on July 4, showed that eight profit oil payments were made for lifts executed between March 10 and May 31 of this year, but paid into the NRF between April 1 and June 30.
During the second quarter, one royalty payment amounting to US$85.4 million was made to the NRF. This payment is for the 2025 first quarter production. The profit oil payments were made from revenues generated from the first three Floating Production Storage and Offloading (FPSO) vessels producing oil.
For March, the NRF received three deposits: US$64.7 million for profit oil from the Liza Destiny FPSO, US$71.7 million on for-profit oil from the Prosperity FPSO and US$74.3 million for profit oil from the Liza Unity FPSO.
For April, Guyana received two deposits: US$66.2 million from the Prosperity FPSO and US$63.8 million from the Liza Unity FPSO. For the month of May, the NRF received three deposits: US$63.1 million from the Liza Destiny FPSO, US$64.4 million from the Prosperity FPSO and US$64.2 million from the Liza Unity FPSO.
The Ministry of Finance noted that profit oil receipts represent the Government of Guyana’s share of crude earned as profit, while royalty payments are made on a quarterly basis, 30 days after the close of each calendar quarter.
ExxonMobil Guyana Limited (EMGL) is the operator of the Stabroek block, and holds 45 per cent interest. The other block partners are Hess and CNOOC with 30 per cent and 25 per cent respectively.
The Production Sharing Agreement (PSA) governing the Stabroek block allows oil companies to recover cost of up to 75 per cent from revenues generated from oil production, this is considered cost oil, the remaining 25 per cent is considered profit oil and this is split equally between Guyana and the consortium, giving each 12.5 per cent. From their half, the consortium pays a 2 per cent royalty to Guyana and Guyana from its 14.5 per cent total take, must pay the oil companies’ taxes.
First Quarter
This publication had reported that during the first quarter of 2025, the country’s oil account received payments totaling US$605,462,893. The payments relate to all petroleum revenues made during the period January 1, 2025 and March 31, 2025.
During the period, seven profit oil payments were made and one royalty payment, amounting to US$84,167,953. Notably, the royalty payment was made for the fourth quarter of 2024. Additionally, two of the profit oil payments made in the first quarter of 2025 were also related to lifts made in December 2024. This means that Guyana only received US$375,411,909.46 in total for its oil produced in the first three months of this year.
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