OGGN Non-Members
Bright light needs to be shone on MNR/GGMC over award of oil blocks
The objective for awarding oil blocks is to generate the maximum oil revenue (money) over the long-term for the benefit of the whole country. We benefit from the sensible spending of oil revenue to improve quality of life and to create meaningful jobs. We also benefit by the saving of part of the oil revenue…
Why Ring-fencing matters and why it does not?
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 68 – July 5, 2019 Introduction This column has had an extensive rest – more than half the year while more and more of the defects and inadequacies of the infamous “ExxonMobil” Petroleum Agreement have been exposed. Paradoxically, it seems that it is…
Frontera’s US$33M signing bonus for portion of unproven oil exploration blocks exposes Exxon’s pittance payment -Jan Mangal
Canadian oil company Frontera’s recent payment of a US$33 million signing bonus for a 33% working interest in two blocks offshore Guyana without any confirmed commercial quantities of oil, should signal to government how much it lost when it renegotiated its Production Sharing Agreement (PSA) with ExxonMobil’s subsidiary in 2016 and got a mere US$18…
Chapter #6 – The miscalculation of the licence area
In our previous articles, we have charged that the contract is illegal for the simple reason that at its root the contract is based upon an illegality, to wit, the issuance of the entire area of 26,800 square kilometers under a single licence instead of as the law required, 6 or more independent pieces each…
Dr Dhanpaul Narine’s opening remarks at the Guyana Oil Event in NYC
Dr Tarron Khemraj talks about the political aspects of the resource curse Dr Jan Mangal discusses the potential value of renegotiation Chris Ram discusses the flaws in the oil contracts You can find the other presentations at this event below:
My work is to highlight grand theft of the people’s wealth, main opposition poses biggest threat to oil future
Due to my continued work highlighting grand thefts and forfeitures of billions of US dollars by our politicians past and present, of the oil wealth which belongs to the people of Guyana and which does not belong to the politicians and companies, there have been and will continue to be attempts to discredit my message…