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Our leaders really need to learn how to manage the wealth and resources of this nation for the benefit of all

Our leaders really need to learn how to manage the wealth and resources of this nation for the benefit of all
stabroeknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stabroeknews.com Daily Mail and Mail on Sunday newspapers.

Meter Madness - Kaieteur News

Meter Madness - Kaieteur News
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Oil Cash Transfers: You have to work for it!

Oil Cash Transfers: You have to work for it!
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Once Capital Costs are recovered by Exxon, the flow of oil money will accelerate!

While some of us are engaged in various aspects of the Exxon contract, such as championing the need for adequate insurance/assurance coverage, environmental concerns, and the re-negotiation of the contract for better financial and other terms, my attention was also attracted to the impact of the cost recovery method on Guyana’s share of profit oil. The faster Exxon could recover its Exploration and Development (CAPEX) costs, the sooner Guyana would enjoy a higher share of profit oil, and so too would Exxon. For purpose of this analysis, I have utilized data gathered for Lisa Destiny FPSO Phase I and Lisa Unity FPSO Phase 2. The findings here are only applicable to these two projects. 

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