Chartered accountant and attorney Christopher Ram has produced evidence that the controversial 2016 Production Sharing Agreement (PSA) had been amended in 2019 to make clear that ExxonMobil could not reclaim the 2% royalty due to Guyana.
While the PSA had catered for the 2% royalty to be paid to this country, the unamended agreement contained provisions that could have permitted ExxonMobil and partners to reclaim it.