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(Kaieteur News) – Two of the three Stabroek Block partners have made no investment in the Stabroek Block for the last two years according to financial statements published by the companies.
Hess Guyana Exploration Limited, a 30% shareholder, in its 2025 financial statement revealed that no contributions from the head office were made for the years 2024 and 2025.
Similarly, CNOOC Petroleum Guyana Limited, the 25% shareholder reported that the Branch’s capital commitment for 2024 and 2025 were not provided. The oil company noted that, “The capital commitments contracted, but not provided for includes estimated payments for the development of Stabroek, Liza Phase 1, Liza Phase 2, Payara, Yellowtail, Uaru, Whiptail, Hammerhead, Guyana Futures and Projects (facilities, subsea, shore base and other, drilling and completions).
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