Guyana launches First Licensing Round for Offshore Oil and Gas Exploration and Production

Highlights 14 blocks for tender for shallow water and deepwater areas combined Contractual commitments and relinquishment obligations to ensure expeditious development of oil and gas resources Improved fiscal terms that provide a greater balance of the share of revenue between the government and contractor while maintaining Guyana’s competitive edge in…

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GoG welcomes two new Offshore Oil Discoveries

-oil production set to exceed 1 million barrels per day by 2030 The Ministry of Natural Resources on behalf of the Government of Guyana is once again pleased to announce Guyana’s newest oil discoveries by ExxonMobil at Sailfin-1 and Yarrow-1 Offshore Guyana, within the Stabroek Block. The Government of Guyana…

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