{
  "id": 2364597,
  "title": "Guyana Oil Take From Stabroek Jumps to 39.8% as Exxon Recovers Its Costs",
  "url": "https://urgent.news/2026/08/21/guyana-oil-take-from-stabroek-jumps-to-39-8-as-exxon-recovers-its",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-21T10:32:43.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/guyana-oil-take-from-stabroek-jumps-to-39-8-as-exxon-recovers-its-costs/"
  },
  "original_language": "en",
  "account": "Guyana's share of oil production from the Stabroek Block has surged to 39.8%, up from a previous 12.5%, according to Reuters. ExxonMobil-led consortium has recovered its major costs, leaving more oil for profit sharing. The consortium used up to 75% of monthly production to recover costs, and with the full 75% achieved, the state's share rises as contractors recover less. The cost bank was recovered earlier than expected, boosting Guyana's take. Stabroek output exceeds one million barrels a day, driven by a fifth floating production vessel. The partners in the offshore development are ExxonMobil, Hess (now part of Chevron), and CNOOC. Guyana's government terminated contracts with Vamed Engineering for two hospital projects on 23 July 2026 due to delays and breaches. The higher share means more revenue for the state from each barrel, potentially funding infrastructure and social programs.",
  "summary": "Guyana's share of Stabroek crude has risen to 39.8% from 12.5% after the consortium recovered its costs. This boosts state revenue from the prolific offshore block. The post Guyana Oil Take From Stabroek Jumps to 39.8% as Exxon Recovers Its Costs appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}