Uaru is the fifth phase of the Stabroek Block, which produces all of Guyana's oil. Two documents published days apart in August gave different start dates: the Ministry of Natural Resources expected September, CNOOC Limited scheduled the fourth quarter.
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ExxonMobil's third-quarter results, filed on 30 October 2026, list a billion cumulative barrels in Guyana among its production milestones. The same release says upstream earnings fell quarter on quarter on lower prices and an accelerated Guyana entitlement impact.
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ExxonMobil's Form SD for 2024 records US$2,581,822 thousand paid to six Guyanese government bodies. Chevron's Form SD for 2025, furnished under the same rule, carries twenty countries and Guyana is not one. ExxonMobil had not filed for 2025 as at 28 October 2026.
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Guyana's preliminary December 2026 loading schedule carries 33 million barrels of crude for export, about 1.06 million barrels a day, which would be the first time the country's exports pass a million. The first cargo of the new Uaru grade is set for 11 and 12 December.
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Same basin, adjacent water, contracts signed a year apart. Suriname’s state oil company publishes its terms, says it benchmarked them against Guyana, and puts its own government take at 60 to 70 per cent.
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The company trained models on its own Stabroek data and turned up four new discovery opportunities. Under the 2016 contract, Guyana’s royalty on every barrel is two per cent. Its own 2023 contract sets it at ten.
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