Platts launches assessment of Guyana's Golden Arrowhead crude

Platts, part of S&P Global Commodity Insights, has launched a daily assessment for Guyana's Golden Arrowhead crude, previously known as Yellowtail, effective Aug. 4.

The assessment reflects the value of waterborne Golden Arrowhead crude loading 30-60 days forward, on an FOB basis from the One Guyana Floating Production Storage and Offloading vessel offshore Guyana.

The typical cargo size is 1 million barrels.

The Golden Arrowhead assessment is published as an outright price, as well as differentials to the Latin America Dated Brent strip, Latin America Brent Futures strip and Latin America WTI strip, which align with a 30-60 day loading window.

This follows a decision note published Aug. 1.

The new symbols for the assessments are as follows:

In the absence of bids, offers, and trades for Golden Arrowhead, Platts may assess the crude based on spreads to comparable grades. Platts may also use market information provided on a delivered basis to inform this FOB assessment.

Golden Arrowhead crude has a typical API gravity of 36.5degrees and sulfur content of 0.25%, according to a recent assay. Golden Arrowhead crude oil is produced by a joint venture operated by ExxonMobil Guyana Limited (45%), together with Chevron Corporation, formerly Hess Guyana Exploration Limited (35%) and CNOOC Petroleum Guyana Limited (20%), according to ExxonMobil.

The One Guyana FPSO, which has a capacity of approximately 250,000 b/d, arrived in April and began production in August.

The Golden Arrowhead assessment will join Platts' existing assessment of Liza crude (Platts symbol: ALIZA00), Unity Gold (Platts symbol: AUNIA00), and Payara Gold (Platts symbol: AYARA00).

S&P Global Commodity Insights analysts expect Guyana's crude production to rise to around 900,000 b/d in 2025 and over 1 million b/d by the end of 2026.

The new assessments will be available on Platts Global Alert and Platts Crude Oil Alert pages 280 and 281. They will be published in Crude Oil Marketwire, Latin American Wire and Oilgram Price Report.

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