November 5, 2024
Headlines

PSA (Production Sharing Agreement)

News-clippings diplomacy

News-clippings diplomacy

News Editor04 mins

“Maduro had in his possession, several volumes of documents, containing information on the 2016 ExxonMobil PSA and the various reports by citizens claiming that ExxonMobil is robbing Guyana of its oil and gas resources”, says AG Nandlall (SN Letters, Dec 17th). I don’t understand how Maduro can use these mostly [news-clippings] to pressure ExxonMobil to…

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EEPGL and auditors should explain why total revenue is included in the PSA’s cost function

EEPGL and auditors should explain why total revenue is included in the PSA’s cost function

News Editor010 mins

By Stabroek News October 4, 2022       Dear Editor, In the EEPGL contract, it is specified that Guyana will receive in the Production Sharing Agreement (PSA), 50 percent of the profits, after EEPGL extracts upfront, and without Guyana’s prior review of the cost, 75 percent of the total revenue as cost. This proportional linkage between total…

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