Guyana To Launch First Oil Tender Under New Rules ...Middle East

Guyana’s next oil tender will be conducted under new rules that significantly increase the country’s share of the oil revenue. This is according to Guyana’s vice president, who said this week that the government will offer 14 offshore blocks in its next auction, of them three deepwater and 11 shallow ones. “We decided that to get the bids more competitive, we will allow locals and international companies to bid so there will be minimum technical and financial qualifications for the bids,” Vice President Bharrat…

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