With more than US$14B therefore channeled towards the development of the additional projects approved in the Stabroek Block, stakeholders have constantly argued that such a scenario has made Guyana virtually an investor in the operations. When questioned on this state of affairs, President of EMGL, Alistair Routledge denied that the country was advancing money towards the developments.
He said, “We view, not just the government but the country as a partner in the development of the resource, so I mean the question of investment, the country never advances funds to invest in the development of the offshore resource, it’s always the investors that do so.”
Consequently, Routledge explained, “So I think choosing a word, what’s important to understand is, does the