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Oil funds and managing the macroeconomic effects for Guyana

Successive Guyanese governments will have to consider the concept of a separate oil fund. A separate fund could entail providing for a fixed sum...

Investment, depletion and consumption of Guyana’s oil revenues

Full national considerations are also relevant to a depletion policy of a country’s petroleum resources. Security of oil supplies must be a consideration in...

Depletion policy and licencing arrangements for Guyana’s oil reserves

The rate at which Guyana’s Offshore Basin oil reserves will be depleted will clearly be influenced by the licencing arrangements. The basic decisions regarding...

Opportunities for State participation in Guyana’s oil development

The establishment of state oil companies is very common in oil-producing countries. Most petroleum producing countries have incorporated state participation in their licensing regulations...

Attractiveness and productivity to serve the Guyana offshore basin

The pressure to source supplies from Guyana can lead to increased exploration, development and operating costs. Guyana’s offshore oil activity levels will be very...

Realisable economic rents and local risks for the Guyanese offshore licencing...

The introduction of a contingent system of taxation is not the only possible response to the existence of exploration risk. The state could reduce...

Policy considerations for the licencing arrangements of Guyana offshore blocks

To maximize the potential national benefits appropriate licensing, taxation, depletion and pricing policies are required. Given the high degree of geological uncertainty in the...

Factors to consider for licencing Guyana offshore oil blocks

Bocks are those where the initial term (normally x years) has expired and there has been no drilling for a period of y...

Energy-on-energy pricing for a Guyanese spot market

If the oil companies could have fought harder against the subversions of their markets by spot pricing, assume that they would have. Nonetheless, despite...

The development of a Guyanese energy spot market

There is prima facie evidence to suggest that a utility company is characterised by allocative inefficiency in its charging policies. However, improvement depends less...