Tag: bids

  • The first oil exploration bids in Guyana attract an Arab company only

    The first oil exploration bids in Guyana attract an Arab company only

    No fewer than 10 companies will participate in the first bidding round for oil exploration in Guyana, as focus grows on the South American country’s potential to diversify oil supplies away from Russia. Guyana offers 14 offshore blocks in this round of bidding; In order to accelerate the country’s economic development, and reduce the dominance…