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.” This is the last Guidepost for that dimension.
Indeed, this particular Guidepost represents the metric that best expresses the anticipated cost-price relation for Guyana’s crude oil production. It is, therefore, central to the generation of profit (and hence revenues) from this activity, under Guyana’s existing petroleum licensing arrangements with international oil companies (IOCs).