Guyana Oil auction: Women-led company among six firms getting oil blocks

After completing the evaluation of the bids submitted for 8 of 14 oil blocks, the government has finally awarded 8 of the blocks to 6 different companies.

This was announced by Guyana Vice President Bharrat Jagdeo on Thursday during a party press conference at the People’s Progressive Party Civic (PPP/C) Headquarters at Freedom House.

The list of the companies and blocks are:

• S3 has been awarded to Sispro Inc., a company headed by four Guyanese businesswomen.
• S4 to a consortium comprising Total Energies EP Guyana BV; Qatar Energy International E&P LLC; Petronas E&P Overseas Ventures SDN BHD (Malaysia).
• S5 to International Group Investment Inc., a Nigerian group.
• S7 to Liberty Petroleum Corporation of the US and Ghana-based Cybele Energy Limited.
• S8 to a the ExxonMobil, Hess and CNOOC consortium currently operating in the Stabroek Block offshore.