Opinion
Guyanese must get maximum from oil blocks even if it means renegotiating, rescinding -Jan Mangal tells Houston conference
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…
Guyana needs you to break its resource curse
Exxon the American oil giant recently reported their 13th oil discovery in Guyana’s Stabroek block. The confirmed barrels of oil in the Stabroek block is 5.5 billion barrels. UK’s Tullow estimates that the Orinduik block holds 4 billion barrels of oil. There are more blocks like Canje and Kaieteur yet to be explored. Even if no more…
Seventeen reasons why the ExxonMobil contract should be renegotiated
In my opinion this contract should be considered null and void for the following interim reasons:1)This contract was not made in good faith, good intention, is biased and is not consistent with minimum international contracting requirements, practice, guidelines, procedures and laws.2)This contract is a production sharing contract/royalty (PSA), where Guyana is technically a partner, a…
Energy Dept. unfit to represent Guyana if it can’t stand up to Exxon, others – Dr. Mangal
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…
What happened with Kaieteur, Canje Blocks was daylight robbery – Dr. Mangal
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…
Land ownership, use and some distribution considerations
Several weeks ago I started a series of columns on the ethnic security dilemmas (ESDs). I also briefly reviewed Minister Carl Greenidge’s book on land settlements, and discussed the issues of income and wealth (asset) distribution. All these issues are connected. Before I close the series, I want to share some findings on land ownership…
Energy Dept. taking incorrect stance on important issues- Should be focused on renegotiation of oil contracts, etc – Dr. Mangal
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…
Don’t approve Liza Phase Two Permit until all issues are resolved–Dr. Jan Mangal
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…
Jagdeo and cohorts should be kept far away from Guyana’s oil – Dr. Mangal
“Anyone who has a track record that is ethically compromised should be kept far away from Guyana’s oil future. As such, I see Opposition Leader, Bharrat Jagdeo, and his cohorts as great risks to the nation’s oil industry. They should be kept at bay.” These were the words of Oil and Gas Consultant, Dr. Jan…
Guyana Oil & Gas – The Opportunities and the Risks
Guyana Petroleum Summit Marriott Marquis, Houston, TX You may want to turn on CC (Close Caption) if your audio is playing low.