Petroleum Management Programme
To promote and support the exploration, development, and production of petroleum (oil and gas) resources by regulating, managing, and monitoring the industry to ensure that the resources are developed in an economically viable manner to attain an improved level of national prosperity that will provide for maximum economic benefits for all Guyanese
ArticleGov’t welcomes first oil at Prosperity FPSO
ArticleGov’t releases draft national gas monetization strategy; opens for public consultation
ArticleMinisterial Notice for Bidding Round
ArticleIntended Exit from the Kaieteur Block – 28th September 2023
ProcurementMinistry of Natural Resources - IFB - the Provision of Marketing Services for the Cooperative Republic of Guyana’s Oil Entitlement from Lot 1 - Liza Destiny FPSO Vessel, Lot 2 - Liza Unity FPSO Vessel and Lot 3 – Payara Prosperity FPSO Vessel
Nov 14 2023
MEDIA RELEASEGov’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…
The Programme in Action
Nov 25, 2020
Understanding the critical nature of the review of policy initiatives on local content in the petroleum sector, the Local Content Panel has submitted the final report for the development of Guyana’s Local Content Policy and Legislation.
Sep 03, 2020
A draft agreement for the Payara development has been formulated and will be discussed today by a high-level team comprising individuals from ExxonMobil and the Department of Energy.
Aug 15, 2020
The current review has been undertaken by the Energy Department for more than seven months. The Department contracted Bayphase Oil and Gas Consultants at a sum of US$386,830 which commenced in December 27, 2019. There was a first contract extension (no cost) to July 27, 2020 and a second…