Intended Exit from the Kaieteur Block – 28th September 2023

The Government of Guyana (GoG), through the Ministry of Natural Resources (MNR), has been informed by ExxonMobil Guyana Limited (EMGL) and Hess Guyana (Block B) Exploration Limited (Hess) of their intent to withdraw from the Kaieteur Block. EMGL and Hess hold a 35% and 20% participating interest respectively. Though the co-venture partners are still in […]

Gov’t releases draft national gas monetization strategy; opens for public consultation

Kingston, Georgetown, Guyana (October 30, 2023) The Government of Guyana, through the Ministry of Natural Resources (MNR), is pleased to announce the initiation of a public consultation for Guyana’s Gas Monetization Strategy, as promised byHis Excellency Dr Mohamed Irfaan Ali. This strategy is part of a pivotal roadmap for managing the nation’s significant gas resources. It […]

Gov’t welcomes first oil at Prosperity FPSO

Kingston, Georgetown, Guyana (November 14, 2023) The Government of Guyana is pleased to announce the occurrence of first oil on the Prosperity Floating Production Storage and Offloading (FPSO) vessel in the Payara Petroleum Production Licence area. The Payara development was approved in September 2020 and sanctioned the production of more than 600 million barrels of oil from […]