GEORGETOWN, July 26 (Reuters) - Guyana extended to Sept. 12 a deadline for companies to submit bids for its first competitive auction of oil blocks, the government said in a statement on Wednesday.
The South American nation has delayed the offer of 14 offshore blocks four times before. The round is intended to recruit new explorers and lessen the grip over the country's output by a group led by Exxon Mobil (XOM.N).
The delay comes as the government is finishing up terms of a model Production and Sharing Agreement (PSA) and core legislation for the country's oil industry, which will govern future contracts.
Guyana has in recent weeks received feedback during a consultation period for the new proposed oil framework.
Our Standards: The Thomson Reuters Trust Principles.
"Oil" - Google News
July 27, 2023 at 03:00AM
https://ift.tt/p4Jahck
Guyana extends deadline for offshore oil bidding round to September - Reuters
"Oil" - Google News
https://ift.tt/DsAV69v
https://ift.tt/ZSA19ab
Bagikan Berita Ini
0 Response to "Guyana extends deadline for offshore oil bidding round to September - Reuters"
Post a Comment