Christopher Ram

Part 86   Introduction It has been a week of fast-moving events.

Part 85  Two days ago, Column 84 set out the main provisions of the 2016 Bridging Deed.

This Column regards the Bridging Deed conceived by some artful legal mind as going to the heart of the 2016 Petroleum Agreement – one of the first major economic acts of the Granger Administration.

This Column has finally been able to put its hands on the Bridging Deed referred to in Article 30 of the Petroleum Agreement signed by the APNU+AFC Government and Esso, Hess and CNOOC/Nexen.

Today’s column returns to the issue of Local Content Policy (LCP) which appears either to have been drowned out by the excitement of First Oil or in which interest seems to have ebbed – a pattern since the Local Content was first raised in the aftermath of the disclosure of the signing of the 2016 Petroleum Agreement.

Introduction This column should have continued my take on Local Content.

Last week’s column # 80 described Guyana’s Third Draft Local Content as junk and recommended that it be scrapped.

Introduction Last week’s column gave a brief overview of the Third Draft of Government’s Local Content Policy which was released to the bemused public by Dr.

Part 79   Introduction The word is now out that long before the earlier planned date of First Oil, Guyana will witness the historic pouring of the first barrel of crude oil catapulting the small country of barely three-quarter million persons onto the world’s petroleum stage.

Introduction Mr. John Hess CEO of Hess Corporation disclosed that his company paid US$30 million for a 30% stake in ExxonMobil’s Stabroek Block.

Today’s column highlights a few issues raised by Mr. Raphael Trotman, then Minister of Natural Resources who appeared before the Natural Resources Committee of the National Assembly on May 18, 2018.

 Introduction For some time, questions have been raised about the royalty provisions in the 2016 Agreement under which Trotman/Greenidge/Granger partially signed away the birthright of all Guyanese past, present and future.

Introduction Two weeks ago in Toronto, Canada, the organisation Caribbean Council of the Americas (CCA) in a public advertisement invited the Guyanese community and “other interested parties in the greater Toronto area to learn about all and gas exploration and development in Guyana.”

Part 74 Introduction A couple of weeks ago, Column 73 examined a statement by Dr.

Introduction It has been a week of headlines in the petroleum sector.

Introduction Column 71 published last week included a summary table of the Statements of Financial Position (the Balance Sheet) of the three oil companies which will lead Guyana to First Oil projected to take place during the first quarter of 2020.

Introduction Column 71 published last week included a summary table of the Statements of Financial Position (the Balance Sheet) of the three oil companies which will lead Guyana to First Oil projected to take place during the first quarter of 2020.

IntroductionToday’s column summarises some of the principal information extracted from the auditedfinancial statements of the three Contractors to the Petroleum Agreement signed on June 27, 2016.

Introduction Following up on last week’s column we have set out below a Table summarizing the Profit and Loss Statement of Mid-Atlantic for each of the years 2013 (part-year) to 2018 extracted from the company’s audited financial statements lodged with the Commercial Registry, a statutory obligation under the Companies Act.

Introduction The Public and Government Affairs Advisor of ExxonMobil Ms. Janelle Persaud has disclosed to the press that its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has applied for its Petroleum Prospecting Licence for the Canje Block to be renewed.