Chartered Accountant Nigel Hinds is pleading, once again, with the Government of Guyana and ExxonMobil to negotiate the “lopsided” Petroleum Sharing Contract (PSA) that they signed in 2016.
Hinds said that along with the many ills of the contract, the APNU+AFC government needs to realise that if it does not fix the contract, other companies will want to take Guyana along the same road. “So we will be leaving ourselves unguarded over and over again.”
Hinds said, “If Chevron or Total finds oil, they would not want an agreement that is too dissimilar from this one (the ExxonMobil agreement.) So we will be shooting ourselves in both feet. That is why it is important that this contract be renegotiated. That is why I said before that ExxonMobil needs to have compassion.”
February 14th, 2018
Nigel Hinds