Guyana Government releases ExxonMobil contract

Must Read

FPSO awards set to bounce back next year as Guyana’s Payara, other projects expected to take off

Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels...

Post-election chaos could threaten long-awaited oil windfall in Guyana

By David E. Lewis and Anthony T. Bryan - Caribbean News Global At the end of last year, the tiny...

Oil falls on resurgence of virus cases, oversupply

(Reuters) - Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

The Production Sharing Agreement (PSA) between the Government of Guyana and ExxonMobil affiliate Esso Exploration and Production Guyana Limited was released today at a special meeting held at the Ministry of the Presidency in Georgetown, Guyana. The agreement has attracted much attention in the media recently with several sections of society calling for its release.

It was also announced at the meeting by Minister of Natural Resources, Raphael Trotman that the recent Turbot discovery has pushed the total recoverable reserves so far to 3.2 billion barrels of oil.

ExxonMobil’s figures currently stand at 2.25 billion to 2.75 billion barrels total recoverable reserves in the Stabroek Block.

‘Unreasonable to compare Guyana’s PSA to those of more mature countries’ – Exxon Country Manager

Kimberly Brasington, ExxonMobil’s Senior Director, Public and Government Affairs told OilNOW in a previous interview that Exxon has always been “prepared to follow the law” regarding contract disclosures.

British High Commissioner to Guyana, Greg Quinn also in a recent interview said that the decision to release the contract was a welcomed one but should apply to all companies equally.

The contract is available for download below;

 

- Advertisement -

Latest News

FPSO awards set to bounce back next year as Guyana’s Payara, other projects expected to take off

Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels...

Post-election chaos could threaten long-awaited oil windfall in Guyana

By David E. Lewis and Anthony T. Bryan - Caribbean News Global At the end of last year, the tiny South American nation of Guyana...

Oil falls on resurgence of virus cases, oversupply

(Reuters) - Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United...

Halliburton, TechnipFMC launch ground-breaking sub-sea well technology

Halliburton Company and TechnipFMC today introduced Odassea™, the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less...

Guyana’s apex court invalidates report that sought to disenfranchise over 100,000 voters

In a decision delivered on Wednesday July 8, the Caribbean Court of Justice (CCJ), Guyana’s highest court, ruled that the judgment handed down by...

More Articles Like This