Update on Status of Stabroek Block Cost Recovery and Verification of Profit Oil Audits
Update on Status of Stabroek Block Cost Recovery and Verification of Profit Oil Audits The Ministry of Natural Resources wishes to provide the public with an update on the status of three audits of Stabroek Block expenses. These audits were contracted by the Government of Guyana as part of its cost recovery verification process, which […]
Press Statement – GOG opts for Arbitration
GOVERNMENT OF GUYANA PRESS RELEASE Georgetown, Guyana (March 06, 2025) In connection with the ongoing disputes arising under the Engineering, Procurement, and Construction (EPC) contract between the Government of Guyana (GOG) and Lindsayca/CH4 (LNDCH4), the Dispute Avoidance and Adjudication Board (DAAB) issued formal decisions on January 31, 2025. Both parties were allotted a 28-day period […]
Media Release – First and Second audit
PRESS STATEMENT Kingston, Georgetown, Guyana (March 06, 2025) – The Ministry of Natural Resources (MNR) notes a Stabroek News article titled “Still no word from gov’t on $$ owed by Exxon after IHS audit”, published on Sunday, March 2, 2025. In the piece, concerns were raised regarding the status of the Stabroek Block cost recovery […]
Gov’t welcomes first oil at Prosperity FPSO
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 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 […]
Gov’t releases draft national gas monetization strategy; opens for public consultation
MEDIA STATEMENT 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 by His Excellency Dr Mohamed Irfaan Ali. This […]
Intended Exit from the Kaieteur Block – 28th September 2023
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% […]
Gov’t extends Guyana 2022 Licensing Round schedule
MEDIA STATEMENTGov’t extends Guyana 2022 Licensing Round schedule Kingston, Georgetown, Guyana (July 26, 2023) The Ministry of Natural Resources, on behalf of the Government of Guyana, is pleased to announce the extension of the Guyana 2022 Licensing Round’s bid submission deadline to Tuesday, 12th September 2023. The government’s continuous efforts to streamline and improve the […]
Natural Resource Fund and Public Accountability and Oversight Committee 2022 Annual Reports
Natural Resource Fund and Public Accountability and Oversight Committee 2022 Annual Reports The 2022 annual reports for the Natural Resource Fund and the Public Accountability and Oversight Committee have been published. To access the documents, select the respective links below. Natural Resource Fund 2022 Annual Report Public Accountability and Oversight Committee 2022 Annual Report
Guyana National Bureau of Standards – Adoption of Standards
GoG welcomes three new Offshore Oil Discoveries within the Stabroek Block
-discoveries add to almost 11 billion barrels of oil equivalent The Government of Guyana through the Ministry of Natural Resources, in compliance with the principles of transparency and accountability, is pleased to announce three new oil-field discoveries by Exxon Exploration and Production Guyana (EEPGL) and partners at Barreleye, Patwa-1, and Lukanani-1 Wells Offshore Guyana […]