Modeled cost shares for producing Guyana’s oil, the Americas fastest growing Petrostate

By Dr Clive Thomas On In Guyana and the Wider World |

Introduction

Today’s column concludes the discussion on the fourth and final modeled driver and its metrics, which I believe undergirds any serious appraisal of the viability or affordability of a Guyana Universal Basic Income, UBI, mechanism, the Buxton Proposal. That driver is the estimated components that make up the IDB’s 2020 modeled cost of production for Guyana’s crude oil.

Last week’s column addressed some of the characteristics, features and assumptions, used in the modeling exercise. In the next section I add a bit more as it speaks to the model features and timelines made available by the Lead Contractor ExxonMobil and its partners.