Exxon recovering more money from Guyana’s oil yearly than investments

Kaieteur News – ExxonMobil and the Stabroek Block Co-Venturers are currently recovering more money from Guyana’s oil than they are investing in the operations. With the increase in oil production activities, the 75% cost recovery figure has ballooned to an eye-popping US$7.5B in the first half of 2024 alone. Meanwhile, Exxon has committed to spend […]

‘Don’t rush to approve new oil projects’ – PNCR

kaieteurnewsonline.com - 12/Sep 04:59

…concerned about Exxon’s high cost recovery and Guyana’s low share of profit oil Kaieteur News – Amid growing concerns that...

Guyana’s oil could be leaving by boatloads as Exxon given free pass to use as much as it needs for operations – Glenn Lall

kaieteurnewsonline.com - 04/Sep 04:58

Kaieteur News – ExxonMobil Guyana, the operator of Guyana’s oil rich Stabroek Block has been given a free pass to take as much of the country’s...

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Exxon recovering more money from Guyana’s oil yearly than investments

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