The M
inistry of Natural Resources (MNR) as it is known was established on December 17, 2011 as the Ministry of Natural Resources and the Environment (MNRE) with a primary focus of harmonizing policy and management in the Natural resources-based sectors. However, following the appointment of the new Government in May 2015, the institutional structure of the MNRE changed and it became a Department of Natural Resources and Environment under the purview of the Ministry of Presidency. A second change occurred on January 18, 2016 which saw the Department of Natural Resources and the Environment transformed to into the Ministry of Natural Resources.
Introduction and Background On June 27, 2016, the Government of the Cooperative Republic of Guyana (GoG) entered into the Petroleum Agreement with Esso Exploration and Production Guyana Limited (EEPGL), CNOOC Nexen Petroleum Guyana Limited, and Hess Guyana Exploration Limited for the purposes of petroleum operations and producing oil and gas…
Executive Summary IHS Markit (IHSM) has been engaged by the Government of Guyana (GoG) to independently audit the cost recovery claim submission by Esso Exploration and Production Limited (EEPGL) for the period between 1999 and 2017 within the Stabroek Contract Area that amounts to a total of $1,677,774,727 in accordance…
