Introduction
In today’s column I recap the gist of those earlier columns that were directed at taking stock of the prevailing condition of three key parameters facing Guyana’s oil and gas sector, on the eve of the planned switch away from the fiscal metrics of the Stabroek Block PSA, to the new fiscal template scheduled for implementing at intended public auctions.
The three parameters are 1] the Government Take ratio 2] estimated recoverable hydrocarbon resources, and 3] the time-bound opportunity window for Guyana’s crude oil exportation. This task is being pursued so as to facilitate before and after comparisons following changes to the fiscal metrics of oil blocks rights.