Dear Editor,
Now that it has been reported that CNOOC has claimed its preemptive right of first refusal alongside Exxon’s claim in the Hess-Chevron transaction over Guyana’s Stabroek block, which of the following is best for Guyana?
1: ExxonMobil 45%; Chevron 30%; and SNOOC 25%, or
2: ExxonMobil 64.3%: and SNOOC 35.7%, or
3: status quo, ExxonMobil 45%; Hess 30%; and CNOOC 25%, or
4: some different permutation of above.
Perhaps, more importantly, how does the US government feel about a greater share of the Stabroek block production going to China? Will the US government intervene? How might it affect SEC approval?
Sincerely,
Tulsi Dyal Singh, MD.
