The Takutu Oil and Gas Inc and the Government of Guyana have concluded a renewal agreement and as a result the former will recommence exploration for oil along the Takutu Basin, which had started in 2010, says a press release from the Government Information Agency (GINA).
The signing took place at the Ministry of Natural Resources and the Environ-ment yesterday. President of Groundstar Resources, the parent company of Takutu Oil and Gas Inc, signed on behalf of that company.
Minister of Natural Resources and the Environment Robert Persaud said the company had undertaken some work in the past and “expressed satisfaction that they have the level of
