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One has to wonder what other anomalies a forensic audit of oil production capital costs might not uncover

One has to wonder what other anomalies a forensic audit of oil production capital costs might not uncover

The pace of discovery in the Stabroek Block has been astounding. There have been 32 major discoveries to date. There are currently 3 projects in production: Liza Phase 1, Liza Phase 2 and Payara. The current daily output is 620,000 barrels of oil. There are 2 additional projects approved for production: Yellowtail and Uaru. Plus,…

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Zero tax on ExxonMobil is monumental financial loss for Guyana and its people

Zero tax on ExxonMobil is monumental financial loss for Guyana and its people

Parliament’s decision to create—what amounts to—a zero tax clause in the petroleum production agreement keeps power and wealth in the hands of its foreign counterparties and contributes to Guyana’s economic inequality. Additionally, it stagnates the potential for sustainable economic growth here in the local land. While the Stabroek Block Production Sharing Agreement (PSA) should be…

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