Exxon struck one of the world's biggest recent oil finds in the poor nation of Guyana, but voters there may demand better contract terms in March
of both crude and natural gas from Exxon’s entire portfolio in 2018.
Although opposition candidate Ifraan Ali has walked back calls for renegotiations of contracts with Exxon, other leading voices in his party continue to push for more favorable terms. Guyana will also take 52 percent of revenue from recovered resources, which the IMF in 2018 compared with an average take of about 73 percent for other underdeveloped countries in similar situations.
According to Rystad Energy, Exxon was seen as taking a significant risk when it negotiated its 2016-2056 lease contract with Guyana.
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