(Kaieteur News) – The recovery of all investments made in the Stabroek Block by ExxonMobil – the Operator of the Stabroek Block – has removed the last semblance of risks for the operator, paving the way for the Government of Guyana (GOG) to now seek a renegotiation of the 2016 Production Sharing Agreement (PSA).

This is according to Chartered Accountant and outspoken Attorney, Christopher Ram. In a recent commentary, Ram weighed into the US$55B costs that have been recovered by the company as announced by Chief Executive Officer (CEO) and Chairman, Darren Woods on July 31, 2026.

The recovery of the company’s investments means that additional returns are like icing on the cake and make it possible for Guyana to get a bigger piece of the pie. Since production commenced in late 2019, Exxon has claimed the full 75% of the oil revenue as expenses to recover its investments. The remaining 25% was then split with Guyana as profits, meaning the country received 12.5%.