What is best for Guyana and US concerns about China and the Stabroek block

By Stabroek News On In Letters to the Editor |

Dear Editor,

Now that it has been reported that CNOOC has claimed its preemptive right of first refusal alongside Exxon’s claim in the Hess-Chevron transaction over Guyana’s Stabroek block, which of the following is best for Guyana?

1: ExxonMobil 45%; Chevron 30%; and SNOOC 25%, or

2: ExxonMobil 64.3%: and SNOOC 35.7%, or

3: status quo, ExxonMobil 45%; Hess 30%; and CNOOC 25%, or

4: some different permutation of above.

Perhaps, more importantly, how does the US government feel about a greater share of the Stabroek block production going to China? Will the US government intervene? How might it affect SEC approval?

Sincerely,

Tulsi Dyal Singh, MD.