The second part in this series addressed the question of how much money Guyana will likely receive. It is generally known today that the Production Sharing Agreement (PSA) is quite favourable toward ExxonMobil. We tried to understand this within the context of the Anglo-American corporate governance framework, which sees a corporation as having the sole…
You found out that your backyard has gold. Someone comes along and tells you he can dig up your gold. So you sign a contract with him that stipulates you are only entitled to 10 percent of your own gold. The gold digger finds 10,000 bars of gold, therefore according to the provisions of the…
With billions already gained on the stock market from its oil find here, ExxonMobil and its partners can “more than afford” to pay Guyana US$1 billion instead of the US$18 million received as a signing bonus, according to energy expert Dr Vincent Adams, who also strongly believes that the government should go back to the…
With billions already gained on the stock market from its oil find here, ExxonMobil and its partners can “more than afford” to pay Guyana US$1 billion instead of the US$18 million received as a signing bonus, according to energy expert Dr Vincent Adams, who also strongly believes that the government should go back to the…
