Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 123 – March 9, 2024 A royal storm A letter by Professor Kenrick Hunte appearing in the press earlier this week generated a wave of conversation across the society. Essentially, the Professor claimed that Guyana has been receiving Royalty of about a quarter…
Dear Editor, In recent letters to the press, Robin Singh, a person who is yet to apologise for publicly labelling me and some members of civil society treasonous, is peddling more illogic. He seems to have now awakened to the concept of ‘unlimited’, as in parent company guarantee (PCG). It was already there to be…
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…
By Stabroek News October 4, 2022 Dear Editor, In the EEPGL contract, it is specified that Guyana will receive in the Production Sharing Agreement (PSA), 50 percent of the profits, after EEPGL extracts upfront, and without Guyana’s prior review of the cost, 75 percent of the total revenue as cost. This proportional linkage between total…
By Stabroek News September 21, 2022 Dear Editor, In a SN article dated 8/15/2022 and captioned, ‘Guyana set to receive 12 lifts of profit oil for 2022 – Ministry’, it is reported ‘…that the expected total production of oil in 2022 is 93.6 million barrels of oil… (from which) …Guyana will get an estimated 12…
