Seventeen reasons why the ExxonMobil contract should be renegotiated

In my opinion this contract should be considered null and void for the following interim reasons:1)This contract was not made in good faith, good intention, is biased and is not consistent with minimum international contracting requirements, practice, guidelines, procedures and laws.2)This contract is a production sharing contract/royalty (PSA), where Guyana is technically a partner, a…

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Energy Dept. unfit to represent Guyana if it can’t stand up to Exxon, others – Dr. Mangal

Until the Department of Energy (DoE) is prepared to challenge huge companies like ExxonMobil and French Oil Major, Total, then it cannot be trusted to look out for Guyana’s interests. This is according to Oil and Gas Consultant, Dr. Jan Mangal.During an exclusive interview with this newspaper yesterday, Dr. Mangal commented that the DoE does…

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Energy Dept. taking incorrect stance on important issues- Should be focused on renegotiation of oil contracts, etc – Dr. Mangal

The Department of Energy (DoE) has made it pellucid on several occasions that it will not be pursuing the renegotiation of the Production Sharing Agreement (PSA) with ExxonMobil’s partners, Hess and CNOOC, as well as its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL).It has also expressed that it is unconcerned with the fact that…

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