Opinion
This petroleum contract is not worth the paper it is written on
It is my honest opinion that Kaieteur News should be awarded with the highest honour of the land for their continuous reporting on the massively flawed Petroleum Agreement between the Government and the contractors (Esso/Cnooc/Hess) and by extension Exxon. This petroleum contract, signed by Minister Trotman (his initial RT is on every page of the…
Frontera’s US$33M signing bonus for portion of unproven oil exploration blocks exposes Exxon’s pittance payment -Jan Mangal
Canadian oil company Frontera’s recent payment of a US$33 million signing bonus for a 33% working interest in two blocks offshore Guyana without any confirmed commercial quantities of oil, should signal to government how much it lost when it renegotiated its Production Sharing Agreement (PSA) with ExxonMobil’s subsidiary in 2016 and got a mere US$18…
Chapter #6 – The miscalculation of the licence area
In our previous articles, we have charged that the contract is illegal for the simple reason that at its root the contract is based upon an illegality, to wit, the issuance of the entire area of 26,800 square kilometers under a single licence instead of as the law required, 6 or more independent pieces each…
Dr Tarron Khemraj talks about the political aspects of the resource curse
Presentation deck can be found here: Political aspects of the resource curse
Dr Dhanpaul Narine’s opening remarks at the Guyana Oil Event in NYC
Dr Tarron Khemraj talks about the political aspects of the resource curse Dr Jan Mangal discusses the potential value of renegotiation Chris Ram discusses the flaws in the oil contracts You can find the other presentations at this event below:
My work is to highlight grand theft of the people’s wealth, main opposition poses biggest threat to oil future
Due to my continued work highlighting grand thefts and forfeitures of billions of US dollars by our politicians past and present, of the oil wealth which belongs to the people of Guyana and which does not belong to the politicians and companies, there have been and will continue to be attempts to discredit my message…