Opinion
Chris Ram discusses the flaws in the oil contracts
The presentation slides can be found here: http://www.oggn.website/wp-content/uploads/2019/06/chris_ram_oggn_event_20190601.pdf
Chapter #5 – Dereliction of duty: Exxon as security guard – Part 2
In our last article we presented facts that suggested that the claimed need for Exxon as insurance against Venezuelan hostility to justify the breach of the 60-block maximum per contract was an overstatement to use the most polite word. Today we discuss alternatives to that action taken by the then minister and supported and maintained…
It is time to rise up and demand that this massively flawed contract be scrapped
Continuing my analysis of the Petroleum Production Agreement signed between the Government and ESSO, CNOOC and HESS, I would like to touch on a few more Articles in the contract. I recommend: Mr. President, this contract is massively flawed and MUST be renegotiated. As a matter of fact, the existing contract should be rescinded and…
Chapter #4 – Dereliction of duty: Exxon as security guard – Part 1
We continue our analysis of the arrangement with Exxon by looking at the claim that the Venezuelan belligerence was the justification for the selection of Esso/Exxon and that this belligerence constituted special circumstances under Section 13(3) of the Regulations made pursuant to the 1986 Petroleum act. Both governments since the signing of these contracts have…
Chapter #3 – The Illegality at the root of the Exxon Contract
Today we want to examine the validity of the exercise by the minister of the discretion provided by regulation 13(3). Our research shows that no other country in the world has seen it fit to do what our minister did in 1999. The minister at the time used her discretion to exceed the maximum stated,…
The more I studied this oil agreement, the more I realized that our country will be screwed
The Petroleum Production Agreement signed between the Government and ESSO, CNOOC and HESS should be addressed holistically. Over the past year or so, all efforts were aimed at the financial benefits and significant short-changing from the contract. Whether the seemingly one-sided contract would be renegotiated, and a more favourable one be concluded, the people of…
Advertisements on Canje oil block misleading –Dr. Mangal
Following several newspaper articles on the State Asset Recovery Agency (SARA)’s probe into the award of oil blocks, Mid-Atlantic Oil and Gas Inc. and JHI Associates, two industry unknowns, have been publishing almost daily, advertisements to defend the exploration licence which they were handed by former President Donald Ramotar for the Canje Block. While they…
For oil to transform Guyana positively we cannot kneel and smile back thankfully for the crumbs
Former Minister of Foreign Affairs Rashleigh E. Jackson penned a letter on 06-Jun-2019 in SN where he stated that Jan Mangal (author of this letter) made unwarranted assumptions and arrived at foregone conclusions. He seems to have forgotten to include the list of unwarranted assumptions and foregone conclusions. Let’s hope he provides these in a…
Correcting award of oil blocks to unknowns will scare off “exploitative” investors – Dr. Jan Mangal
Oil and Gas Consultant, Dr. Jan Mangal, does not agree with the private sector’s view that the State Asset Recovery Agency (SARA)’s probe of how the Canje and Kaieteur oil blocks were awarded to four inexperienced firms will scare away investors.In fact, Dr. Mangal told Kaieteur News that the probe would set the tone for…
Chapter #2 – ExxonMobil contract illegal, irretrievably flawed and is either the result of grand corruption or grand incompetence
In March last, the British High Commissioner is reported (KN, 20th March, 2019) as having told the Georgetown Chamber of Commerce & Industry (GCCI) that corruption is a job for Government and the Private sector to team up against. TIGI agrees with the broad thrust of this contention. However, in many countries and many instances…