Introduction
As promised last week, today’s column begins with my introduction of a simple schedule illustrating the sequence of five ExxonMobil and its partners projects that the IDB has modeled Guyana’s oil and gas sector to 2025 in its recent report, ‘ Traversing and Slippery Slopeery: Guyana Oil Opportunity, 2020. ‘The schedule is intended for the convenience of readers only, as I already provided a narrative description of the data last week.
It should be acknowledged, explicitly and implicitly, that the IDB’s modeling exercise does not provide for: 1) any crude oil production intended to come on stream beyond 2025; 2) any other oil projects coming on stream in Guyana before 2025; 3) the overall PSA to be substantially changed before 2025; and that 4) Exxon Mobil and its partners continue to be a major international oil company (IOC) production contractor.