Guyana and the Wider World

Introduction Today’s column continues consideration of the three areas of Government spending that are supported in the Guyana Petroleum Road Map.

Introduction Last week I had raised several critical conceptual and analytical concerns related to what I labelled as “the Government of Guyana’s (GoG) well underway priority” of establishing a Sovereign Wealth Fund (SWF)//Natural Resources Fund (NRF).

Introduction Discussing Guidepost 2 of Part 2, I began last week with identifying three general areas of public spending of petroleum revenues indicated by the Government of Guyana (GoG) thus far.

Introduction Today’s column addresses Guidepost 2, in Part 2 of Guyana’s Petroleum Road Map.

Introduction A significant number of readers have asked me to clarify/expand/repeat more simply the way in which I arrived at the “back of the envelope” or “ballpark estimates” of annual Guyana Government Take, which I offered in last week’s column.

Introduction Today’s column measures the impact of applying my values for production, price, and Government Take (indicated in Part 1 of Guyana’s Petroleum Road Map), to Rystad Energy’s analytics.

Introduction Last week’s column offered a brief overview of Part 2 of Guyana’s Petroleum Road Map.

Introduction This week’s column starts my presentation of the Second Part of Guyana’s Petroleum Road Map.

Introduction Last Sunday’s column concluded my discussion of Guidepost 6. It also provided the indicative unit total cost range for a barrel of oil equivalent (boe) which I shall apply to the estimation of Guyana’s likely petroleum revenues, after cost, for the remainder of the Road Map, going forward.

Introduction Last week’s column wrapped-up my discussion of break-even prices, both from a business (commercial) perspective and a fiscal and their relation to the unit total cost of Guyana’s crude oil exports.

Introduction In last week’s column, I had introduced the concept of the break-even price.

Introduction Today’s column links my ongoing assessment of Guidepost 6 in Guyana’s Petroleum Road Map (that is, the average (unit) total costs for its crude oil export) to my previous presentations in this series on Guyana’s projected indicative price range per barrel of oil equivalent (boe) for its expected petroleum exports.

                           Last Update: 558.05                               Movement: 3.73%                            Current Update: 537.22                         YTD Movement: 4.34% The Lucas Stock Index (LSI) declined 3.73% during the fourth period of trading in May 2019. 

Introduction Under Guidepost 6 of Guyana’s Petroleum Road Map, in its dimension for “getting petroleum revenues” I have offered, thus far, three sets of unit cost metrics, which were completed in 2018.

  Introduction For the purposes of Guidepost 6 as listed in my presentation of Guyana’s Petroleum Road Map for its dimension of “assessing expected petroleum revenues”, I have already considered Hess Corporation’s cost metrics.

Introduction Today’s column evaluates the University of Trinidad & Tobago’s (U of T&T) modelling of the Liza Field Development.

Introduction In last week’s column, I had introduced Hess Corporation’s oil assets portfolio as presented by its Chief Executive Officer (CEO) to the “Barclays Energy — Power Conference,” held in September, 2018.

Introduction For the fourth week in succession, I shall continue my evaluation of the cost-price-profit profile for Guyana’s expected petroleum sector.

Introduction Today’s column continues my presentation on Guidepost 6. As observed earlier, this Guidepost is crucial for my estimating Guyana’s anticipated petroleum revenues.

Introduction In this week’s column, I begin consideration of Guidepost 6, as listed in my Guyana Petroleum Sector Road Map, for the dimension of “getting petroleum revenues.”