Guyana now produces more hydrocarbons in the Caribbean region than long time producer Trinidad and Tobago.
Data from T&T's Ministry of Energy and Energy Industries shows oil and condensate production of 50,246 barrels per day in the first four months of 2024.
Gas production in the same period averaged almost 2.6 billion standard cubic feet per day.
Collectively, this amounts to approximately 484,000 barrels of oil equivalent per day.
Trinidad's hydrocarbon production is on a steady decline, down from approximately 719,000 in 2015.
Trinidad is hoping cross-border cooperation with Venezuela brings some gas projects to fruition to help buoy its declining output, including the highly anticipated Dragon project.
Guyana, on the other hand, started oil production in December 2019 and is experiencing significant annual increases.
ExxonMobil, the sole operator with projects in production, has added an average of 98,000 barrels per day in the period 2020-2024.
In the first four months of 2024, oil production averaged 616,000 barrels per day.
Considering data for May-June, the half-year average jumps to 623,000 barrels per day, based on data from the Ministry of Natural Resources.
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