The Honourable Minister Trotman, in the Guyana Standard online publication on the 28th May 2019, said “… at no point during his tenure did he (Jan Mangal) ever request that capacity be developed or that the relevant expertise be hired to ensure independent reviews of data on the Stabroek Block which would be submitted by…
Introduction This is the case for renegotiation of the Petroleum Agreements between the Government of Guyana and ExxonMobil (“Guyana-Exxon agreements”). In my article dated 8 December 2017[1], I wrote extensively on the nature and types of stability clauses and their pros and cons. Most notably, what the Model Petroleum Contract describes as a Stability Clause…
“If they don’t do a good job, they could end up blessing something that is actually bad. They may say ‘yes we checked. There is no evidence so we are not doing anything.’ So what you have…is a government entity that has allowed the oil companies to defraud the country…” – Dr. Mangal Even though…
It is almost impossible to open a paper these days without reading about “first oil”. There is talk of the ‘Dutch disease’ and a sovereign wealth trust fund. The World Bank is lending Guyana US$20M to write some laws and improve governance for the petroleum sector. The government glibly assures the population that oil will…
The current modus operandi in the incoming Guyanese oil industry will affect how the poor and the working class respond to it. Today across Guyana, this oil industry is seen as an elite project. It is seen by the population as those guys in suits who jets off to Houston to strike deal for themselves; it is…
Renegotiate, rescind, reimburse, then auction off so that Guyana reaps the maximum value from its oil blocks, is the advice that petroleum expert Dr Jan Mangal drilled into those who attended his presentation at the Guyana Petro-leum Summit in Houston, Texas on Thursday. He also warned that if the contentious Exxon-Mobil deal is preserved as…
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…
Oil and Gas Consultant, Dr. Jan Mangal, is of the firm conviction that the award of the Kaieteur and Canje Blocks by the Donald Ramotar administration just days before the General and Regional Elections 2015 amounts to daylight robbery. During an exclusive interview with this publication, the former Petroleum Advisor to the Government said, “The…
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…
Oil and Gas Consultant, Dr. Jan Mangal, is of the firm view that the Environmental Permit for the Liza Phase Two project should not be approved until a long list of issues has been resolved.These include the need for all oil companies to have internationally recognized insurance policies and for the industry to be governed…
