Why the fuss over the agreement with Exxon

Dec 21, 2017 Letters

Dear Editor,
From media reports there seems to be a furor over which choice of Agreement with Exxon Mobil Corporation Guyana ought to find suitable for full satisfaction to all concerned.
If there is not a 50/50 deal right down the middle then problems will arise. Going around the world to see who did what should not be our concern. No one checked with us about whether what they use is best for them so why should Guyana be looking at their experience to assume anything that they have done is a pattern suitable to meet our circumstances.
The sticking point here seems to be what should follow the occurrence of Disasters whatever the cause. It should be taken for granted that the host country will not create its own disaster so we can look for actual causative factors. Equipment failure, natural event, external disruption, could be among negative issues.
A policy of insurance coverage can point to the way toward a conclusive resolution of this matter using an equally divided principle, that is all operators and host country.
I haven’t seen any mention of OPEC or other equivalents. The cycle of blaming and criticising all active partners will not be to anyone’s best interest.
John De Barros

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