With US$30 billion already invested in the production of oil and gas, President of ExxonMobil Guyana, Alistair Routledge, stated that it would be “very destructive” to investor confidence for Esso Exploration & Production Guyana Limited to renegotiate the 2016 Production Sharing Agreement (PSA).
Routledge made the comment during a press engagement yesterday after being asked by the Stabroek News if ExxonMobil is willing to renegotiate the 2016 PSA given the vast oil discoveries being made in the Stabroek Block.
“There is a wide public view that Exxon and its partners are benefiting from the 11 billion barrels of oil more than Guyanese. Will you be willing to renegotiate the 2016 PSA?” Routledge was asked.
