Moray House panel to review 2016 oil agreement

A Moray House Trust (MHT) panel will tomorrow review the controversial 2016 Production Sharing Agreement (PSA) signed between the Guyana Government and ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL).

A statement from MHT said that the event is scheduled for May 12th , 2022 at 5 pm. The panel will include Dr Vincent Adams (former head of the Environmental Protection Agency), Fred Collins (President, Transparency Institute Guyana Inc), Darshanand Khusial (Oil and Gas Governance Network, OGGN) and Chris Ram.

If you would like to ask questions or make a comment, you may join via Facebook Live: https://www.facebook. com/morayhousetrust/live_videos/

There is a short video clip about the panel: https://youtu.be/Eo5i_T2FTEA

MHT noted that over the years, questions have been raised as to the size of the oil block to EEPGL, the royalty offered, cost recovery, the signature bonus, taxation arrangements, the adequacy of insurance coverage and protection for the environment  and the stability clause.

MHT is a private, non-partisan, non-profit based in Georgetown and dedicated to promoting Guyanese culture and public discourse.