(Kaieteur News) – Since Guyana began earning from its petroleum sector in 2020 to December 2025, the country amassed US$7.7 billion in revenue, a mere fraction of what it could have earned through the implementation of a ring-fencing provision.

The Oil and Gas Governance Network (OGGN) in a letter to Kaieteur News on Monday highlighted that Guyana could have earned US$12.4 billion from its oil wealth in the Stabroek Block had government implemented a ring-fencing provision to prevent ExxonMobil from utilising the revenue generated there to pay for its other projects.

Ring-fencing means revenue generated at one project should pay for itself rather than fund additional developments. This would increase Guyana’s profit share after the cost for each development is recovered by the oil companies.