OGGN Member Frederick Collins holding up an MV Barima Banner
Frederick Collins is on the Right.
August 16, 2026
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Profit could be anything. How is the $55 billion capex derived?
Over the last few days, I have been constantly reading in the Guyana press, “Now that Exxon has recovered its $55 billion investment (same thing called Capex, Capital outlays), when will Guyana start getting its 50% oil profit? (The quick answer is that Guyana has always been getting its 50% profit as defined in the…