Introduction
Last week’s column provided additional data on the first of four features of Guyana’s recent oil and gas discovery; that is, its physical/geological configuration. The column amplified on three attributes: the geological make-up; its location offshore; and, the size or quantum of potential reserves. Today’s column amplifies on the second feature, namely, the project responsibility for transforming the “discovery” into a commercially viable industry.
As indicated, the “consortium” conducting the exploration and development of the Guyana “play” consists of 1) Esso Exploration and Production Guyana (EEPG), a wholly owned subsidiary of Exxon Mobil (a 45 percent stake) 2) Guyana Exploration, a wholly owned subsidiary of