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02 Feb 2017 16:13 #334263
by chairman
A HIGH-LEVEL team of Government officials was on Wednesday morning briefed by ExxonMobil on its production preparations, a move which marks the commencement of a series of consultations by the U.S. oil giant with stakeholders.The technical briefing was held at the Marriott Hotel, Kingston and a similar exercise was also expected to be carried out later in the day with a team led by Opposition Leader, Bharrat Jagdeo.
Prior to the start of the closed-door exercise on Wednesday, Minister of Natural Resources, Raphael Trotman, noted that the briefing was another on the development of the oil and gas sector, in particular Exxon’s Liza well.
He said the briefing anticipated good news regarding production by 2020 and updates on new technologies and new techniques that will be deployed.
“It is important as Guyanese and particularly as policymakers that we know what are the resources, how it is going to be exploited and captured and developed, and very importantly at the policy-end, how are we going to use the resources to the benefit of all Guyanese,†Trotman said.
He said the forum was the beginning of a series of engagements, starting with policy-makers and which will extend to the citizens of all 10 administrative regions.
He said the “proverbial Region 11,†inclusive of Guyanese residing in cities such as New York and Toronto and those in other jurisdictions, will also be briefed
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02 Feb 2017 21:53 #334290
by ramesh
We are flattering ourselves . These wells would not be operational for a very long time . Exxon basically placing this find on their reserves and they will not develop it because of the depressed oil price .
Guyana will not see any benefit for a very long time when they are developed . Exxon Mobil will have to recover all their developmental costs first and the royalties to Guyana coffers will be negligible.
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04 Feb 2017 13:56 #334411
by brian
exxon will rob guyana blind most of you wont live long enough to see that reality.
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04 Feb 2017 14:03 #334413
by ketchim
More like Guyanese will rob Guyana blind !!
Exxon development cost is all Bribes and Graft to the Heirarchy
SO no royalties will be left !
as we used to say in GT :
"yuh cant get 2 sweet outta 1 joint"
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04 Feb 2017 15:08 #334434
by ketchim
what ?
I wont mind getting in with a warehouse full of needed supplies
BUT I know them government fellahs wil be holding out dem hands
looking for a scratch !!
and Exxon knows the price of supplies
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Exxon briefs Gov’t, Opposition on preparations for oil production
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