Guyana plans to announce winners of its first offshore oil block auction by end of March.

Guyana plans to reveal winners of its first competitive auction of offshore oil blocks by the end of March. The government is currently reviewing proposals and documents from six of the eight groups that placed bids during the auction held in September. Guyana, the world's fastest-growing oil producer, aims to use its oil and gas wealth to transform and expand its economy, and is also progressing with new onshore infrastructure projects.

February 19, 2024
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