Guyana's victory lap hits a rough stretch

摘要

ONE balmy night last December, the fireworks were bursting over the Georgetown sky as officials clinked glasses with oil executives. The guest were celebrating first oil from Guyana's Liza field, where US supermajor ExxonMobil had been rewarded for backing a little-fancied frontier play that has so far yielded 8 billion barrels of recoverable hydrocarbons. Liza's fast-track development strategy had also shifted contracting paradigms for the industry.