Guyana Ring-Fencing Gap: Critics Say Exxon Deal Costs Billions

Energy: Guyana Key Facts —Issue. Critics argue Guyana’s ExxonMobil-operated Stabroek Block production sharing agreement lacks a “ring-fencing” clause, letting costs from new developments be recovered against the earnings of producing fields. —Output. Stabroek production crossed 900,000 barrels per day in late 2025 and averaged about 903,000 bpd in April 2026, sharpening the financial stakes of…