Introduction
Last Sunday’s column concluded my discussion of Guidepost 6. It also provided the indicative unit total cost range for a barrel of oil equivalent (boe) which I shall apply to the estimation of Guyana’s likely petroleum revenues, after cost, for the remainder of the Road Map, going forward.
Introduction
Last week’s column wrapped-up my discussion of break-even prices, both from a business (commercial) perspective and a fiscal and their relation to the unit total cost of Guyana’s crude oil exports.
Introduction
Today’s column links my ongoing assessment of Guidepost 6 in Guyana’s Petroleum Road Map (that is, the average (unit) total costs for its crude oil export) to my previous presentations in this series on Guyana’s projected indicative price range per barrel of oil equivalent (boe) for its expected petroleum exports.
Last Update: 558.05 Movement: 3.73%
Current Update: 537.22 YTD Movement: 4.34%
The Lucas Stock Index (LSI) declined 3.73% during the fourth period of trading in May 2019.
Introduction
Under Guidepost 6 of Guyana’s Petroleum Road Map, in its dimension for “getting petroleum revenues” I have offered, thus far, three sets of unit cost metrics, which were completed in 2018.
Introduction
For the purposes of Guidepost 6 as listed in my presentation of Guyana’s Petroleum Road Map for its dimension of “assessing expected petroleum revenues”, I have already considered Hess Corporation’s cost metrics.
Introduction
In last week’s column, I had introduced Hess Corporation’s oil assets portfolio as presented by its Chief Executive Officer (CEO) to the “Barclays Energy — Power Conference,” held in September, 2018.
Introduction
For the fourth week in succession, I shall continue my evaluation of the cost-price-profit profile for Guyana’s expected petroleum sector.
Introduction
Today’s column continues my presentation on Guidepost 6. As observed earlier, this Guidepost is crucial for my estimating Guyana’s anticipated petroleum revenues.
Introduction
In this week’s column, I begin consideration of Guidepost 6, as listed in my Guyana Petroleum Sector Road Map, for the dimension of “getting petroleum revenues.”
Introduction
Today’s column summarily considers the two remaining existential threats to Guyana’s coming petroleum sector, which I have identified for the Road Map; namely: 1) a cataclysmic environmental event occasioned by petroleum extraction, and 2) the geo-strategic spillover from domestic political strife/conflict.
Introduction
Empirical observations, research and analysis, along with widely recorded historical experiences reveal that, beyond doubt, Guyana’s coming time of oil and gas production and their export will be fraught with severe risks.
Introduction
Thus far, I have considered two of the six Guideposts in my depiction of a Road Map for the Government of Guyana (GoG) “getting its petroleum revenues” dimension.
Introduction
Last week I addressed two of the four lines of justification, which I advance in support of my bullish prediction of 13 to 15 billion barrels for Guyana’s oil reserves.
Introduction
Today’s column presents my justification for the “bullish estimate of 13 to 15 billion barrels of high quality oil as Guyana’s reserves potential.”
Introduction
Last week’s column indicated that, based on three published estimates of Guyana Government Take, the Strategic Road Map is premised on the country receiving the average of these estimates – 55 percent.