SATURDAY 10th December, 2022
' No.106932
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Competitive, transparent bidding process starts for 14 oil blocks
–––– as as efforts intensify to to advance development in in thethe oiloil andand gasgas sector efforts intensify advance development sector –– as efforts intensify to advance development in the oil and gas sector
President, Dr. Irfaan Ali
AS government works to develop the oil-and-gas industry for the benefit of all Guyanese, President Dr Irfaan Ali on Friday officially launched the first auction for the development of 14 new oil blocks. In a live address on the Office of the President’s Facebook page, President Ali said
that the government hopes to award the contracts by the end of May, 2023. “Today, 14 such blocks will be placed on auction and we’re hoping that the course of the submission of the bids will be on the 14th of April, 2023 and our timeline is to have contracts awarded by the end
of May, 2023,” he said. President Ali said that the 14 blocks for tender will be in shallow-water and deep-water areas combined. “As we’ve continuously stressed, we have a situation where there is a timeframe on oil-and-gas development. We understand the di-
rection in which the world is going, so it’s very important for us to have developers who are serious, who will expeditiously move towards the development of the oil-and-gas resources,” he said.
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Members of the Guyana Defence Force and MARAD were able to prevent chaos by successfully getting passengers to form orderly lines to board boats that were in place to ferry them between the Stabroek Wharf and the Vreed-en-Hoop Stelling (Elvin Carl Croker photos)
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–– President Ali tells Shipping Association members
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