Search
Tagged: cost recovery
- BusinessMP Solomon Raises Concerns Over Undisclosed Exploration Costs in Guyana's Oil SectorKaieteur News reports that MP Sharma Solomon has voiced concerns regarding the lack of transparency surrounding ExxonMobil Guyana Limited's (EMGL) exploration costs in the Stabroek Block, noting that these expenses, which Guyana might have to cover through cost recovery, are largely undisclosed.3 min
- BusinessGuyana’s Reported Oil Shares Before and After Exxon’s Cost RecoveryKaieteur News reports that the 2016 agreement allowed up to 75% of monthly oil production to be allocated to cost recovery, while Guyana’s reported share of profit oil during that period was 12.5%. After Exxon said its US$55 billion cost bank was cleared, the publication said Guyana’s profit-oil share had risen to 39.8%.1 min