Reference is made to Elder Green’s letter titled, “This mad rush to have foreigners develop all they can find in our waters is senseless” (SN August 16th). Mr. Green is onto something here. “Go easy on exploiting our non-renewable oil resource”, he says. When it’s done, it’s done. Further he cautions, “In other words, don’t…
Exxon the American oil giant recently reported their 13th oil discovery in Guyana’s Stabroek block. The confirmed barrels of oil in the Stabroek block is 5.5 billion barrels. UK’s Tullow estimates that the Orinduik block holds 4 billion barrels of oil. There are more blocks like Canje and Kaieteur yet to be explored. Even if no more…
The recent dismissals of Professor David Hinds and Mr Lincoln Lewis have not displaced the foremost news event in Guyana, this being the giveaway of Guyana’s oil patrimony. What the terminations have highlighted is how politicians attempt to justify indefensible acts, by using dishonourable, mendacious or facetious statements. The utterings by politicians to logically define…
Dear Editor,We reflect on the risks involved as ExxonMobil drills through ~2,000 metres of water (>1 mile) and ~3,700 metres (> 2 miles) of rock to get to the petroleum and associated gas located under the weight of such pressure in Guyana’s offshore territory. We note that the increase in daily production to 155,000 barrels per…
Exxon will obtain 63.75% of the Profit Share after tax payments are made by the Guyana Government, when applying Guyana’s current tax rate of 27.5% for Non-commercial Companies. Exxon is used in this article to represent Esso Exploration & Production Guyana Limited, CNOOC Nexen Petroleum Guyana Limited and Hess Guyana Exploration Limited. Clearly from sections…
(Click on diagram to enlarge.) From a farcical entrapment of the Government of Guyana into being liable for Pre-Contract Costs, outlined in the chart above; costs that under normal conditions are wholly the responsibility of the Contractor Partners in the 2016 Production Sharing Agreement re: Esson, Hess and Nexen.
Reference is made to news reports that the Government of Guyana is seeking Parliament’s approval for over US$192 million (40 billion GYD) in supplementary funds to shore up needed expenditure up to the end of 2024. Earlier this year, Senior Minister in the Office of the President with Responsibility for Finance and the Public Service,…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 69 – July 15, 2019 Introduction The Public and Government Affairs Advisor of ExxonMobil Ms. Janelle Persaud has disclosed to the press that its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has applied for its Petroleum Prospecting Licence for the Canje Block…
Your editorial ‘IACHR resolution’ on 30 July 2023 summarises the resolution about the dreadful long-running case of illegal mining at Chinese Landing. The Inter-American Commission on Human Rights had previously addressed the complaint about similar problems at Isseneru. The two documents are well worth reading for the careful histories of events, and summaries of the very dubious…
