Government seems afraid to question ExxonMobil about the huge disparity in costs between the Stabroek Block’s Liza-1 and Liza-2 projects but this issue needs to be urgently addressed lest this country loses out again on needed revenue, says former Petroleum Advisor Jan Mangal and economist Darshanand Khusial.
“Before we proceed with any more approvals, we should clarify mathematical anomalies between Liza Phase-1 and Liza Phase-2 that may save us billions of US dollars; verify the pre-contract costs; hire qualified people and create the institutions/regulations so we can secure our oil wealth; and rebalance the Stabroek Block contract so Guyana gets its fair share,” Khusial said in a letter to yesterday’s Sunday Stabroek.