https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

Tag Archives: Guyana’s bid round

Oil companies set to ink agreements to kick off exploration

Ten months after Guyana’s first ever bid round yielded six companies for eight offshore oil blocks, government on Wednesday announced that negotiations have concluded and the companies were poised to sign the production sharing agreements (PSAs) and pay the signature bonuses. The signature bonus would be US$10 million for shallow waters and US$20 million for deep waters. Natural Resources Minister, ...

Read More »