Other players in Guyana are gearing up for exploration activity. The news out of Guyana is normally dominated by the successful campaign by ExxonMobil and partner, Hess. While they have certainly been the drivers of the prolific discoveries in Guyana, other majors are also putting things in place to hopefully replicate the success of Exxon.
If Trinidad and Tobago is going to make a success of the newly formed state oil company, Heritage Petroleum (Heritage), the Minister of Finance is going to have to follow through on his previous commitments to review the way in which Supplemental Petroleum Tax (SPT) is structured. The current way in which this tax against revenue is structured acts as a serious impediment to investment in the oil sector.