Guyana’s Vice President Dr. Bharrat Jagdeo said that the new model production sharing agreement (PSA) to be introduced later this year will feature major improvements in four areas: profit sharing, royalty, ringfencing and taxation. The Stabroek Block PSA, granted to ExxonMobil, Hess and CNOOC, features provisions which have come in for criticism, particularly as it … Continue reading Profit share, royalty, ringfencing, taxation for major upgrades in Guyana’s new model PSA – VP