Payment of Tax under Article 15.4 (b) and 15.5 of the Petroleum Agreement
Originally Published At: https://www.chrisram.net/?p=2424
Energy sector
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EEPGL a ploy to plunder oil
Utilizing data reported by the International Monetary Fund (IMF), the Bank of Guyana (BoG) and Kaieteur News (KN), I will show that EEPGL has already recouped their investment; that they are earning significant profits; and that Guyana’s share will remain at meager levels for our non-renewal resource, unless the PSA is renegotiated. According to the…
Speculation on gas to energy project
Dear Editor, If the Attorney-General (A-G) said in the ongoing case that it is in the best interests of the State to go ahead with the Gas-to-Energy project (GtE) then he is getting into the realm of speculation and asking the judge and the public to trust him. Against all the norms of decent democracy,…
We demand a parent company guarantee from Exxon
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…
Regardless of the number of wells explored Guyana’s profit share remains tied to 14.5%
By Stabroek News July 5, 2022 Dear Editor, I refer to a letter published in the July 3, 2022 Sunday Stabroek, captioned, ‘Depending on the amount of wells explored Guyana’s 14.5% take will increase at some point in the future’, and I would like to make a few observations. First, the writer states that, ’… Guyana’s…
Adding new FPSOs which reduces the economic life of the Stabroek Block is a premise for renegotiation of Exxon’s contract
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…