Guyana’s Natural Resource Fund hits US$3.25B in 2025

Finance Minister Dr Ashni Singh on Monday reported that Guyana’s Natural Resource Fund (NRF) received US$2.4 billion in petroleum-related revenues in 2025, driven by increased oil production and government lifts from four floating production, storage, and offloading vessels (FPSOs).
Presenting Budget 2026 to the National Assembly under the theme “Putting People First,” Dr Singh said a total of 260 crude oil lifts were conducted in 2025 from the Liza Destiny, Liza Unity, Prosperity, and One Guyana FPSOs. Of these, 32 lifts were allocated to the Government of Guyana, including six from Liza Destiny, 11 from Liza Unity, 12 from Prosperity, and three from One Guyana.
Profit oil receipts for the year amounted to US$2.1 billion, comprising US$400.1 million from Liza Destiny, US$767.7 million from Liza Unity, US$824.4 million from Prosperity, and US$133.6 million from One Guyana. In addition, the NRF received US$330.7 million in royalty payments from the Stabroek Block operator and a US$15 million signing bonus following a new Production Sharing Agreement (PSA) for the shallow-water Block S4.
Dr. Singh noted that withdrawals from the NRF were carried out in line with the Natural Resource Fund Act 2021 and approvals granted by the National Assembly. A total of US$2.463 billion was withdrawn in 2025 to fund national development priorities. At the close of the year, the NRF balance stood at US$3.25 billion, up from US$3.1 billion at the end of 2024. The fund is projected to reach US$3.716 billion by the end of 2026.
Guyana’s oil and gas sector grew by 21 percent in 2025, producing 261.1 million barrels of crude oil at an average rate of just under 830,000 barrels per day. Production per FPSO included 134,300 bpd at Liza Destiny, 249,500 bpd at Liza Unity, 255,200 bpd at Prosperity, and just under 191,000 bpd at One Guyana, which began operation in 2025.

2026 projections
For 2026, Dr. Singh projected 309 lifts of profit oil, with the government expected to receive 40 lifts from the four FPSOs. Total projected petroleum revenue includes US$2.4 billion in profit oil, US$375.3 million in royalties, and a US$17 million signing bonus from a PSA with Ghana-based Cybele Energy Ltd for Block S7.
Based on these projections, approximately US$2.374 billion from the NRF can be transferred to the Consolidated Fund to support national development priorities in 2026, representing an estimated GYD$495 billion contribution to this year’s budget.
Singh emphasized that the performance of the NRF underscores the petroleum sector’s continued contribution to Guyana’s public finances and development programmes.