OGGN's Flawed Analysis
A recent critique by the Oil and Gas Governance Network (OGGN) has sparked a response to address their flawed interpretation of Guyana's oil and gas fiscal outcomes.
The OGGN took issue with a statement made by ExxonMobil Guyana's Country Manager, who claimed that the company remains in a negative position on its investment in Guyana.
the company remains in a negative position on its investment in Guyana
The OGGN attempted to disprove this claim by pointing to the reported profits of the oil companies, but their analysis is catastrophically flawed.
Author's summary: OGGN misreads Guyana's oil investment economics.
- OGGN's analysis is flawed and misinterprets Guyana's oil and gas fiscal outcomes.
- ExxonMobil Guyana's Country Manager stated that the company remains in a negative position on its investment in Guyana.
- OGGN attempted to disprove this claim by pointing to reported profits, but their argument is incorrect.
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