On December 9, 2022 Guyana's Ministry of Natural Resources (MNR) launched the Guyana 2022 Licensing Round which offers 14 blocks for tender in shallow water and deepwater areas. The round build on the success of the recent E&P activity in Guyana that has led to over 15 billion barrels of oil equivalent being discovered since the Liza discovery by ExxonMobil in 2015. Guyana owes its success to a combination of above ground and below ground factors that are paving the way for accelerated growth. The resource endowment combined with attractive fiscal terms and expediency in bringing the discoveries to market are some of the key drivers for success.

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Disclaimer

"Any third party information shared by the Ministry of Natural Resources (‘the Ministry) on the petroleum.gov.gy  website (‘the Site’) in relation to the Guyana Competitive Bidding Round 2022 is for general information purposes and shared in good faith. The sharing of the third party information by the Ministry does not constitute a recommendation or solicitation to do, or omit to do, any action and the Ministry does not make or give any representation, warranty or undertaking of any kind, whether expressed or implied, regarding the accuracy, adequacy, reliability and availability of the third party information."