Tag: Stabroek Block

We must ensure Guyanese benefit from the future we are building – PM

We must ensure Guyanese benefit from the future we are building – PM

- November 8, 2022

Prime Minister, Brigadier (Ret’d), the Honourable Mark Phillips said that in order to ensure Guyana’s long-term economic development, particularly in ... Read More

Gov’t announces wave of enhanced fiscal terms for first offshore oil and gas competitive licensing round highlights

Gov’t announces wave of enhanced fiscal terms for first offshore oil and gas competitive licensing round highlights

- November 4, 2022

14 oil blocks available for bidding; Greater, competitive fiscal terms: 2% royalty increased to 10%; 76% cost recovery ceiling reduced ... Read More

GoG welcomes two new Offshore Oil Discoveries

GoG welcomes two new Offshore Oil Discoveries

- October 26, 2022

- oil production set to exceed 1 million barrels per day by 2030 The Ministry of Natural Resources on behalf ... Read More

More oil discoveries to benefit Guyanese – Min. Bharrat

More oil discoveries to benefit Guyanese – Min. Bharrat

- July 27, 2022

─ as Exxon announces more offshore discoveries Government has welcomed the latest oil discoveries announced by US oil giant ExxonMobil, ... Read More

Guyana continues to record Offshore Oil Discoveries within the Stabroek Block

Guyana continues to record Offshore Oil Discoveries within the Stabroek Block

- July 26, 2022

-GoG welcomes two new discoveries as oil exploration and development yield positive results In compliance with the principles of transparency ... Read More

GoG welcomes three new Offshore Oil Discoveries within the Stabroek Block

GoG welcomes three new Offshore Oil Discoveries within the Stabroek Block

- April 26, 2022

-discoveries add to almost 11 billion barrels of oil equivalent   The Government of Guyana through the Ministry of Natural ... Read More