Change Guyana Presidential candidate Robert Badal on Tuesday clarified his party’s position on a possible renegotiation of the 2016 Production Sharing Agreement (PSA) with ExxonMobil saying that an expert analysis and recommendations on all contracts would guide the way forward were it to get into office.
During an interview with this newspaper on October 24, Badal had reasoned that given that Guyana was a frontier country when the PSA was negotiated in 1999, this country could not have asked for much or it risked the company walking away. He said that only “subsequent” contracts would be renegotiated but that an expert team would do an analysis and recommendation on all contracts.
“A country that had no petroleum history, we only detected the reserve in 2015 and it was difficult to get the best deal at that time [and could not ask for much].
