Reply to "Guyana’s minimum share of oil resources must be between 15 and 20% –IMF"

BasemanSenior Member

kp posted:
Guyana could rake in $$ billions if data is made available on relinquished oil blocks – Industry experts
Jan 25, 2020 News 0 Comments

By Kemol King

When pressed about the meager US$18M signing bonus it collected for handing over Stabroek Block rights to ExxonMobil, one of Government’s justifications was that it didn’t know just how much value was there.

This reflects inexperienced and incompetence. They should have built in escalation clauses. Faced with the unknown, you always leave wiggle room. This is standard.

They should take Lilmohan advice and seek a good faith solution with Exxon.

1/25/2012:15 PM

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Guyana could rake in $$ billions if data is made available on relinquished oil blocks – Industry experts

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