Introduction
Today’s column concludes this 14-part series devoted to re-visiting Guyana Government’s Take ratio and estimates of its of recoverable hydrocarbons. These columns have had three aims. First, given the spirited public exchanges on the topics, they have sought to provide in a single source, published calculations of Guyana Government’s Take ratio, while clarifying important methodological issues. Second, they provide the rationale informing my original estimate of Guyana’s recoverable resources. And thirdly, five years later, I update that original `prediction.
Today’s final column offers observations on two broad thematic areas; namely, 1] the ruling and newly announced PSA template intended for auctions of additional oil blocks and 2] the secular trend in the global energy mix and the opportunity window for Guyana’s hydrocarbons.