Overview

• The One Guyana FPSO began production on August 8, four months ahead of schedule, raising Stabroek Block capacity past 900,000 barrels per day.
• Oil from the new vessel will be marketed as Golden Arrowhead crude, supporting development of the Yellowtail and Redtail fields.
• Chevron closed its acquisition of Hess’s 30% stake in July, reshaping consortium ownership alongside ExxonMobil (45%) and CNOOC (25%).
• The consortium has brought four offshore mega-projects to production in five years, each delivered under budget and ahead of schedule.
• Guyanese nationals occupy over two-thirds of project roles, reflecting the emphasis on local job creation and inclusive growth.