Almost four years later... Only one of 14 oil blocks auctioned by Govt. sees progress

Almost four years later... Only one of 14 oil blocks auctioned by Govt. sees progress

Guyana has so far managed to sign just two Production Sharing Agreements (PSAs) for two of the 14 oil blocks it auctioned in December 2022, but just one company to date has paid the signing bonus to advance exploration activities.