Opinions

The views expressed here are solely those of the author in their private capacity and do not represent the views of OilNOW.

Opinions

Provision of information by the operators for Guyana’s natural gas development

Bobby Gossai, Jr. -
Assuming that the joint venture will have limited facilities for the reinjection or storage of natural gas, the ability of the parties to take their natural gas entitlement directly affects the ability of the operator to maintain expected levels...
Opinions

Guyana facing ‘series of shock and multiplier effects’ triggered by political crisis – Economist

Bobby Gossai, Jr. -
By Bobby Gossai, Jr. - Economist The expected high growth rate of the Guyanese economy will be reduced by several factors outside of the limits of the coronavirus. Guyana had an expected exponential growth from 2020 to 2028 which would...
Opinions

Ownership of Guyana’s future natural gas to be lifted

Bobby Gossai, Jr. -
Unlike the principles for the crude oil lifting agreement that could be in the disposition of crude oil, the disposition of natural gas must go to the trouble of clarifying that any amount of natural gas actually taken by...
Opinions

Development and disposition of Guyana’s potential natural gas

Bobby Gossai, Jr. -
The host government contracts should have separate provisions for the disposition of natural gas. It is debatable whether this is necessary. As between the lifting parties, the arrangements necessary to ensure that all forms of crude oil are timely...
News

Regulating the sale of Guyana’s crude oil lifts’ entitlement

Bobby Gossai, Jr. -
This provision is inevitably controversial because it provides for the parties not simply to overlift crude oil that may have been scheduled to be lifted by one party, but for the parties to take a party’s entitlement and sell...
Opinions

Provision for marine loading of Guyana’s hydrocarbons

Bobby Gossai, Jr. -
Guyana must address the need for the investing parties to agree on the allocation of risk in relation to tanker loading, whether at an offshore platform, Floating Production Storage and Offloading (FPSO) facility or any future onshore jetty. In...
Opinions

Lifting submissions of Guyana’s petroleum resources

Bobby Gossai, Jr. -
Efficient use of lifting and transportation capacity requires planning. By nominating to the operator acceptance of their entitlements, the parties confirm that they have arranged the required offtake capacity in time to lift their entitlements in accordance with the...
Opinions

Setting Guyana’s hydrocarbons production forecasts for lifting agreements

Bobby Gossai, Jr. -
Production forecasts are a workmanlike description of the forecasting and reporting activities which must be performed by the operator under the lifting agreement. The lifters will require adequate notice of the expected quantity and timing of their entitlements; typically,...
Opinions

Features for Guyana’s crude oil sale delivery point

Bobby Gossai, Jr. -
The Government of Guyana Agreement may identify the Delivery Point or Points, putting the actual location of the Delivery Point beyond discussion. However, the investing parties should also agree to the procedures for measurement and calibration of measurement equipment...
Opinions

Options for Guyana’s crude oil disposition

Bobby Gossai, Jr. -
Crude oil to be produced from an Exploitation Area shall be taken and disposed of in accordance with the rules set out in the agreed lifting procedures. Arguably, this is the best and the hardest option. It presupposes that...
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