Guyana’s ongoing offshore licensing round offers 14 blocks – 11 in the shallow water, and three in the deep. The draft model contracts will govern new licenses to be issued to winning bidders, and existing deals outside of the Stabroek Block. Guyana has wrapped up a two-week period of consultation on the terms of the contracts, which are now subject to finalisation by an undetermined date.
Here is a factsheet on the draft contracts:
