RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Some Info on the ODL PipelineFrank, yes I can agree with that and that's not including fec's Colombian oil assets which are now heavily discounted especially after Petro reiterated this past week his ban on issuing more hydrocarbon development licenses because he's blaming the extreme drought in the Andean region on hydrocarbon caused climate change.
Guyana doesn't have a problem with hydrocarbon development. Nor do its citizens. XOM announced the other day that $900 million of the billions that they've spent so far ended up being spent in the local Guyanese economy. Lots of well paying jobs. So the popular and political sentiment is for much more development. We'll see how fec/cgx participate in the development.
One pm that I recieved was concerned that North Corentyne might be "gassy". Isn't XOM currently starting a $300 million gas pipeline to shore to supply thermal electric generators and petrochemicals/fertilizer production? Need confirmation on that.