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DIEGO Martin North East MP Colm Imbert called for details of the production-sharing contract (PSC) recently signed between the government and ExxonMobil, as he addressed a briefing hosted by Opposition Leader Pennelope Beckles at her Port of Spain office on August 18. The deal involves the exploration of an amalgamation of seven marine blocks in ultra deep water over a vast acreage lying some 150 miles off Trinidad's east coast.

"What was the procurement process? Was it sole select tender? What are the terms?" Imbert queried.

He said Guyana – under its former administration (headed by Brig David Granger) – had allowed ExxonMobil very favourable terms of paying the country two per cent on its oil finds, compared to 12.5 per cent charged by TT.