Guyana sets date for bid round with 25 billion barrels in potential resources

The Guyanese government has provided a complete timeline for the country’s first competitive offshore bid round, for which investors are expected to compete for a chance to unlock more than 25 billion barrels in potential hydrocarbons resources.

Georgetown opened on 12 December the data room with available information on the 14 blocks to be auctioned off, and at the same time started the process for expression of interest and payment of participation fees from companies interested in taking part in the round.