All six companies have accepted the terms of the sale for their respective oil block/s awards, following the 2022 licensing round auction and government is optimistic that the agreements would be closed soon, Minister of Natural Resources, Vickram Bharrat says.
“Negotiations are ongoing. [It] will be wrapped up by early 2024, hopefully end of January,” the minister told the Sunday Stabroek when asked for an update on the process.
“To date everyone has indicated their interest and committed to [respective] work programmes and signing bonus…,” he added.
The Sunday Stabroek understands that some of the companies have indicated that their representatives will travel to Guyana to conclude talks in early January, as they await the “settling” of events of the Christmas Holiday season and were also waiting on the Guyana/Venezuela talks to conclude.
