-but Qatar Energy consortium close
No contract has been entered into as yet from the 2022 oil blocks auction but the consortium of Qatar Energy, TotalEnergies, and Malaysian state-owned oil firm, PETRONAS has gone the furthest in current negotiations with the government, Vice President Bharrat Jagdeo disclosed yesterday.
“It is only one that has reached this stage, at this point and time,” Jagdeo told Stabroek News as he explained that the consortium’s due diligence screening process was completed and the stage was now set to enter into discussions for a petroleum agreement.
Jagdeo pointed out that this information is already public. “We had awarded the blocks already and you know to whom.” He reminded of previous statements where he said that the due diligence process would have to be completed for all the awardees and then the “next stage was to enter the negotiations and then complete.”