Adamant in its stance that it will not renegotiate the 2016 Stabroek Block Production Sharing Agreement, the PPP/C government says that it is “fully aware” of amendments to the contract but does not share the view that it serves as a precedent for further changes to the fiscal regime.
Instead, government said that the nation can be assured that the new PSA it is crafting to serve the anticipated upcoming auction and beyond, will ensure more revenue that the current contract.
“The government is fully aware of the amendment made to the 2016 PSA by the former APNU+AFC government, dated April 26, 2019,” a statement from the Ministry of Natural Resources yesterday announced.