The map below shows all the allocated oil blocks as well as all the available ones. It also contradicts claims by Minister David Patterson that the PPP/C while in government had given out all
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PNC AND NAMAKARAM = STINK MOUTH LIARS
Alliance For Change (AFC) Executive Members who were at yesterday’s press conference burst into laughter when they were asked to respond to Opposition Leader, Bharrat Jagdeo’s claim that party members are looking to grab up oil blocks.
Minister of Public Works, David Patterson, explained why he and his comrades were so tickled. He said, “There is nothing left to give out, and Jagdeo knows that.”
Patterson said that Jagdeo has done with the oil blocks just what he did with forestry lands. He repeated, “There is nothing left.”
The Minister said, “When we got in (Office) they had already given out everything. What you got to do is find out who they give it to; some of the people we do not even know. There is nothing to give they have given out all and he (Jagdeo) should know because when he was president he was the person in charge of natural resources.”
Patterson said that there is not much that the government can do to reclaim the blocks. He said that the only avenue seems to be one where the lands can revert to the state if a certain time period has elapsed without the block owner carrying out activities.
“In that case there will be a processed to be followed, but I think now that oil has been discovered no one will lapse.”
In 2015, Minister of Natural Resources, Raphael Trotman, made some shocking pronouncements.
He said that upon taking up office in May last year, the David Granger administration met an alarming situation where it was discovered that 100 percent or all of the country’s productive forest was allocated by the past Government, mainly to foreign investors.
Minister Trotman questioned, “How could a responsible government preside over the allocation of all, not some, but all of its productive forest?”
He said that it was done without any regard for future generations.
Trotman said that in the context of the national patrimony, this can only be seen as a threat to the nation’s long term viability and security as a people.
It seems as if the same thing has been done with the oil blocks.
Recently, experts have been saying that Guyana would do well to set up a national oil company. That company should be given a block where oil is suspected to be. It can then partner with a well-established oil company which has the necessary technology to drill.
That notion was put forward by former Chairman of the Petroleum Company of Trinidad and Tobago (Petrotrin), Donald Baldeosingh, who explained that the presence of at least one local company is very important to the stabilization of a country’s oil industry. But, with what Patterson has revealed, that does not seem possible.
This dunce was drunk along with the cack eye. Lying all the time. Jagdeo and the PPP must be giving them sleepless nights. Raphael lie about the forestry concessions and now this gaddha lie about oil blocks.
But do not expect GNi FILTH HEADS to believe FACTS and FIGGA. Just wait and see. Al Yuh come on out!!!
Former Member
When you to want to cover your ass in politics, who do you blame? Isn't Jagdeo making news every day blaming the ruling party?
Blame?? Like yuh nah hear FACTS and FIGGA. Read the heading again. Jagdeo giving the Gadaha and Namakaram shittings. Guyana REAL President the Honorable Bharat Jagdeo.
http://blog.ceo.ca/2014/03/18/...ewi-jones-interview/
Here is a map from CGX
Pending oil deals await new government
The announcement this week of a substantial oil discovery by ExxonMobil may hasten activity by other drilling companies in the months to come, however it is not clear if all of them hold signed agreements to start exploration.
Reliable sources in the oil industry say that Eco-Atlantic, Ratio and Mid-Atlantic had been in negotiations with the outgoing government but that deals for at least two companies were not finalised before the election. This map (see above) which was recently issued by the Guyana government shows the areas where the new concessions were purportedly allocated. The Ministry of Natural Resources is now to come under the Office of the President /Ministry of the Presidency and it is not clear that at the moment finalising any agreements are a priority for a government with a laundry list of issues to address in the first 100 days.
Upstream magazine reported earlier this week that “Dallas-based JHI Associates has a deal in place to farm in and take operatorship of the Canje block, which lies north of the eastern half of the ExxonMobil-controlled Stabroek Block and is currently held by Guyana based Mid-Atlantic Oil & Gas.” That is a concession of 6,021 sq km compared to the much larger Stabroek Block of 27,000 sq km.
Upstream also reports “Israeli explorer Ratio Oil exploration has taken operatorship of the ultradeepwater
Block B, confirming an earlier Upstream exclusive…Africa-focused eco Atlantic Oil & Gas has also been awarded a small block. Eco-Atlantic’s block is sandwiched between CGX Energy’s Demerara Block and Repsol’s Kanuku block.”
In a comment on the ExxonMobil find energy analyst firm Wood Mackenzie noted “a discovery of 350 MMbbl (350 million barrels) exploited with a leased FPSO (Floating Production Storage and Offloading) could have an NPV10 (Present value of estimated future oil and gas revenues),of US$1 billion and an IRR (Internal Rate of Return) of 15%, assuming an oil price of US$85/bbl. The fiscal regime is a production-based PSC (Production Sharing Contract) , allowing access to price upside but with little cushion against low prices. We estimate a price of US$70/bbl would be needed to break even.”
We understand that this 1.5 billion barrel estimate by Hess actually refers to the whole of the Stabroek Block rather than the Liza location and is based on seismic surveys previously carried out by Hess. The area is being explored by a consortium led by ExxonMobil with a 45% stake, Hess Guyana 30%; and 25% held by a subsidiary of China National Offshore Oil Corporation.
Here is an article and a clearer picture of all the remaining blocks.
Thanks for proving dem Gadahas are LIARs!!!
Nehru posted:Thanks for proving dem Gadahas are LIARs!!!
Maybe the explanation was not correctly done,the question is how many of the remaining blocks have oil.
Maybe your head is really empty!!!!!!
Former Member
Rass bai, djangy jeopardizing he year end review. Lilmohan will not like this.
Nehru posted:Maybe your head is really empty!!!!!!
You swallowing too much pill from F.H,i posted the two maps for clarity,can you decipher where the remaining blocks are ?? or are you just being a rabble rouser.
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