Clive Thomas

Last week’s column ended with a pointed reference to there being several concrete examples of governance issues and reforms recently set in motion and designed to make the Stabroek PSA operate in a more effective manner. Today’s column briefly indicates a few of the reforms and adjustments to the ruling Stabroek PSA that have already been set in train by the Authorities.

This is the wrap-up column treating with a retrospective and prospective reflection and review of the ruling Stabroek PSA and its Model PSA variant arising from the recent public auctions. The column details the fiscal metrics of both contracts, as stated by the authorities. Following that there is a comment on ring-fencing, which is one of the most widely discussed reforms to the Stabroek PSA. It was adapted by the Model PSA public auctions.

Introduction Last week’s column wrapped-up a four-column series on the ruling Stabroek PSA and the new Model PSA and its Public Modalities . Today’s topic

In today’s column, I start with a very brief summary of Rystad Energy’s recent global data on petroleum reserves self-generated by the firm, based on its own reporting of the firm’s independent estimation of global holdings of petroleum reserves. This is followed by Rystad Energy reporting on Guyana.

Introduction When ExxonMobil and partners announced their first discovery in May 2015, this was preceded by 45 unsuccessful wells drilled over five decades. From May 2015, to the end of the first year of oil exports, 17 more discoveries were announced by 2020. By any metric, this is a phenomenal creaming curve; and indeed, historically unprecedented.

This is a concluding or wrap-up column. It adopts an eclectic catch all approach to the items covered but is devoted to the topic of petroleum resources and reserves, which was introduced to my Sunday Stabroek series four weeks ago. Its singular aim is to is to provide me the opportunity to offer readers a miscellany of brief comments that may afford them a greater understanding of the two concepts, which have been interrogated in this column series.

Introduction As indicated at the outset of the present series of columns, outlined in my October 27 2024 column, starting today I engage the third of the

Introduction My previous column focused on two technical terms, rarely mentioned thus far in this column series on Guyana as a Petrostate; namely, the

Today’s column wraps up my reflections on the fierce controversies over the price deflator, CPI that is applied to calculate the country’s real effective exchange rate, REER. Guyana’s CPI has been widely criticized for being constructed on 1] an urban location [Georgetown] rather than the whole country 2] the outdated nine components chosen to compute the relative weights within the index, and 3] the exclusive control of its design and execution processes by a partisan administration in the controversies,, has given cause for concern.

Introduction My initial response to the query captured in the header of today’s Sunday column is to introduce a careful paraphrase of the official version