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

Monday 7 November 2022

The Government of Guyana through the Ministry of Natural Resources is pleased to announce that fourteen (14) oil blocks have been identified and will be auctioned for the nation’s first-ever competitive offshore oil and gas licensing round. The ministry is pleased to announce too that a wave of enhanced fiscal terms will guide all future offshore investments should projects reach to production stage.

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