More on its solid prospective government take : vimarsana.co

More on its solid prospective government take


More on its solid prospective government take
Guyana’s Infant Oil and Gas Sector:
Introduction
Today’s column wraps-up my rather extended assessment of the impact of the 2020 general crisis (as I have previously defined this phenomenon) on Guyana’s infant oil and gas sector. In the immediately preceding columns, I have been focusing on the emergent production cost structure, likely cost-price relation, Guyana’s global competitiveness, commercial and fiscal breakeven prices, as well as prospective Government Take (revenues) on offer, in our evolving upstream petroleum structure.
As regards the general crisis, its pandemic dimensions have stood out and have already so adversely impacted the global petroleum sector that it has placed Guyana’s lead Operator and Operations, ExxonMobil in the Stabroek Block, on the proverbial horns of an existential dilemma. As Greg Brewer writing in the Motley Fool has recently noted (November 20) that dilemma can be posed as: on the one hand, the risk of painfully low 2020 oil prices continuing deep into 2021. And, on the other hand, the unrelenting requirement for ExxonMobil to step-up its investments in order to grow production and maintain dividends.

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