In keeping with Canadian company CGX’s relinquishment provision in its contract, the Guyana government on Wednesday said that a notice of blocks to be given up will be provided soon and added to this country’s first-time auction scheduled for September.
“We are working with CGX now on a solution and they should issue a statement shortly that could possibly see more of the Demerara and Berbice blocks being put to the auction,” Vice President Bharrat Jagdeo told a press conference at the Office of the President. He said that given the company is a publicly traded company and will soon issue its own release on the agreement reached, he did not want to divulge too much, but was firm in saying that no extension of works were given.
