Tag: Oil Blocks
Work programme critical in issuing exploration licences to companies awarded oil blocks – Min. Bharrat
With some six companies awarded oil blocks within Guyana’s deep and shallow waters for exploration, the government is key on ... Read More
Several African companies have already expressed interest in Guyana’s oil and gas sector – Min. Singh
Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh emphasised that numerous businesses from ... Read More
Gov’t maximising oil and gas resources to benefit all Guyanese – Min. Bharrat
Natural Resources Minister, Vickram Bharrat has restated government’s commitment to maximising efforts in the oil and gas sector to the ... Read More
Gov’t announces wave of enhanced fiscal terms for first offshore oil and gas competitive licensing round highlights
14 oil blocks available for bidding; Greater, competitive fiscal terms: 2% royalty increased to 10%; 76% cost recovery ceiling reduced ... Read More
Larger profit share for Guyana, more competitiveness with new PSA – VP
- Laws will be amended to reflect new agreement Cabinet has granted its approval for the auctioning of 14 oil ... Read More
Open bidding process for the awarding of new oil blocks – President Ali
- Says Government may consider managing some blocks His Excellency Dr Irfaan Ali said that when the Government is ready ... Read More