BUSINESSTHE RIO TIMES
Guyana Ring-Fencing Gap: Critics Say Exxon Deal Costs Billions
Critics argue Guyana's ExxonMobil-operated Stabroek Block production sharing agreement lacks a ring-fencing clause, allowing costs from new developments to be recovered against earnings from producing fields. Stabroek production reached 900,000 barrels per day in late 2025 and averaged 903,000 bpd in April 2026.
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Adjacent reporting
- Missing Ring-Fence in Guyana’s Oil Deal May Cost Billions, Civil-Society Groups Warn
- Guyana Has Nearly Paid Off Exxon. Now Comes the Real Money
- Guyana’s Oil Books Don’t Add Up by $6.7 Billion, Analysts Say
- A $6.7 Billion Gap Clouds Guyana’s Count of Its Own Oil Money
- Guyana’s Non-Exxon Bet: Orinduik Licence Decision Looms
- Exxon Plans 35 More Wells Off Guyana as Regulator Opens Public Review