Government of Guyana releases another Petroleum Sharing Agreement (PSA) – Contract for Ratio Energy Limited available on DPI and Ministry of Natural Resources website.
(February 28, 2018) The Ministry of Natural Resources, in keeping with its commitment to release major contracts between the Government of the Cooperative Republic of Guyana and companies in the extractive industries, now makes available the contract with Ratio Energy Limited. The contract document is available on the Department of Public Information (DPI) (Click here) and the Ministry’s website: www.nre.gov.gy
Ratio Energy Limited. (now Cataleya Energy Limited by way of a duly registered change of name) and Ratio Guyana Limited (referred to as ‘Ratio’) commenced negotiations with the previous administrating Government of Guyana for a Petroleum Licence within the ultra-deep water Guyana Basin area in mid-2012. At the time, that area was known as Annex B. Negotiations were nearly completed when the October 2013 Anadarko/Venezuelan incident occurred. It took until the 1st Quarter of 2015 before negotiations resumed. On April 28, 2015, the production sharing agreement was signed by both the then Government of Guyana and Ratio’s principals. The concession was then renamed the ‘Kaieteur’ Block, and totals approximately 13,535 sq. kms.
Contracts entered into with ExxonMobil and its joint venture partners, and CGX Energy are also available on the Ministry’s website.