US oil major Chevron, Brazil’s Petrobras and France’s Total are among nine companies seeking remaining oil blocks here and government is exploring both “direct engagements” and a “select bidding process” in assigning them.
Natural Resources Minister Raphael Trotman told the Sunday Stabroek that in disposing of the oil blocks, government will be concerned to ensure that the interest of Guyana remains the paramount consideration over monetary benefits offered.
“Ultimately, government will be looking to secure maximum benefits that are both strategic and economic as we develop the natural resources. Con-tracts and their negotiations, therefore, are not to be seen only through pure commercial lens, but also what provides Guyana a good measure of security from threats and impending challenges,” he said.