BUDGET 2026: With 260 lifts, oil fund closes 2025 at US$3.25B

Guyana’s Natural Resource Fund (NRF) recorded inflows of more than US$2.4 billion in 2025, driven by increased crude oil production and additional petroleum-related payments, as the Fund closed the year with a balance of US$3.25 billion.

Presenting Budget 2026 in the National Assembly on Monday, Senior Minister with responsibility for Finance, Dr. Ashni Singh, said there were 260 crude oil lifts from Guyana’s four producing Floating Production, Storage and Offloading (FPSO) vessels during 2025, including a combined inaugural lift from the One Guyana FPSO.

Of those lifts, 32 were executed on behalf of the Government of Guyana. These included six lifts from the Liza Destiny FPSO, 11 from Liza Unity, 12 from Prosperity and three from the One Guyana FPSO. Dr. Singh explained that profit oil payments received in 2025 reflected two lifts from the final quarter of 2024, 29 Government lifts carried out during 2025, as well as the Government’s share from the inaugural One Guyana lift.

For the year, the NRF received US$2.1 billion in profit oil. This comprised 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 the One Guyana FPSO. In addition, royalty payments of US$330.7 million were received from the Stabroek Block operator.

Petroleum revenues for 2025 were further bolstered by a US$15 million signing bonus from a new Production Sharing Agreement signed on November 11, 2025, with a consortium for the shallow-water Block S4 offshore Guyana.

Dr. Singh told the House that, in keeping with the Natural Resource Fund Act 2021 and approvals granted by the National Assembly, withdrawals totalling US$2.463 billion were made from the Fund to finance national development priorities under Budget 2025.