Missing Ring-Fence in Guyana's Oil Deal May Cost Billions, Civil-Society Groups Warn

Energy: Guyana

Key Facts

—The estimate. Guyanese analysts calculate the country forfeited roughly $4.2 billion in 2024 and $4.9 billion in 2025 in oil profits it would have earned had Stabroek Block projects been “ring-fenced” under the ExxonMobil-led contract.

—The source. The figures come from the Oil and Gas Governance Network and chartered accountant Christopher Ram, reported by Kaieteur News, not from the IMF or IDB.

—The gap. Guyana’s 2016 Production Sharing Agreement has no ring-fencing clause, so costs from new Stabroek projects can be recovered against revenue from already-producing fields.

Missing Ring-Fence in Guyana's Oil Deal May Cost Billions, Civil-Society Groups Warn

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