Guyana blocks may be reserved for national oil company
williamwalker.substack.com
Vice President Bharrat Jagdeo says new blocks offshore Guyana will either go up for auction in Q3 2022 or will be reserved for a proposed national oil company - a decision now being discussed. Jagdeo was speaking at the opening of the International Energy Conference and Expo Guyana 2022 at the Marriott Hotel Georgetown. He added there was no need for prospective bidders to be “unduly alarmed” by the planned model Production Sharing Agreement because while it will see a greater government share it will not inhibit accelerated exploration and will offer predictability.
Guyana blocks may be reserved for national oil company
Guyana blocks may be reserved for national…
Guyana blocks may be reserved for national oil company
Vice President Bharrat Jagdeo says new blocks offshore Guyana will either go up for auction in Q3 2022 or will be reserved for a proposed national oil company - a decision now being discussed. Jagdeo was speaking at the opening of the International Energy Conference and Expo Guyana 2022 at the Marriott Hotel Georgetown. He added there was no need for prospective bidders to be “unduly alarmed” by the planned model Production Sharing Agreement because while it will see a greater government share it will not inhibit accelerated exploration and will offer predictability.