IRR Calculations for 3.2 billion barrels at $US 80

 

Exxon would have been satisfied with 16% return on capital. This 16% is mentioned in Steve Coll’s Private Empire book and also from the calculations shown here: http://www.oggn.website/exxon-return-on-capital/.

However, as the IRR calculations shows, circled in red on the image, Guyana will give up $US 29.4 billion unnecessarily.