Guyana’s Ministry of Natural Resources published the final model contracts to be awarded to winners of its first offshore licensing, on Jan. 26.
The contracts are expected to be applied to eight blocks – two deep water and five shallow water – to be awarded. Minister of Natural Resources, Vickram Bharrat told OilNOW, “This will be used to issue any new license.”
See the model contracts below:
Guyana-Deepwater-PSA_-30-12-2023_Public-updateGuyana-Draft-Shallow-Water-PSA-3-Jan-2024_Public-update
The winners of the first licensing round are as follows:
S4 – TotalEnergies, Qatar Energy, and Petronas
S3 – Sispro Inc.
S5 – International Group Investment Inc. and Montego Energy
S7 – Liberty Petroleum Corporation and Cybele Energy
S8 – ExxonMobil, Hess, and CNOOC
S10 – International Group Investment Inc. and Montego Energy
D1 – Delcorp Inc., Watad Energy and Arabian Drillers
D2 – Sispro Inc.
Contract signings are expected in the first quarter of 2024.
