Guyanese will be agreeing to give Exxon an estimated US$28 billion to US$49 billion under either a PPP or PNC-led Government in 2025

Oct 01, 2024 Letters

Dear Editor

The release of updated information last month on Guyana’s oil reserves put this figure at 11.6 billion barrels (OILNOW.GY), with the potential to increase further, based on a report by David Messler at www.OilPrice.com .

This amounts to a staggering, unimaginable amount of wealth for Guyana. The DNC has however produced some numbers in the adjacent table which show that with either a PPP or PNC-led government after 2025, by their indignant unwillingness to renegotiate the existing GoG/Exxon contract, will be giving Exxon between US$28 billion and US$49 billion, (subject to correction by more informed sources) of this money. This is based on oil prices ranging from US$40-70/bbl.

However, setting up the DNC so that it wins the 2025 elections saves Guyanese these very amounts, plus generate much more which will accrue via our policy framework. The Democratic National Congress is therefore worth between US$28 billion and US$49 billion at a minimum to Guyanese.  The PPP and PNC can change their story and tell you they will renegotiate, but you will have to bear the consequences of believing them.

We cannot anymore continue in the petty politics and ideas of the PPP or PNC, both of whom are almost certainly under the influence of Exxon. The 2025 elections will see us signing away huge amounts of our wealth if we don’t start organizing today.  It is time we stopped finding fault with each, make our country, ourselves and our children our priority, and sit down and start trashing out who we want as leaders in our new government in 2025.

Sincerely
Craig Sylvester

Guyana Will Be Giving Exxon Between US$28.4 Billion and US$49.7 Billion under a PPP or PNC-led Government.

Guyana’s Oil Reserves Estimated at 11.6 billion barrels (OILNOW.gy August 2024)

• David Messler, Exxon, Government, Guyanese, National Congress, OILNOW.GY, PNC, The Democratic