Anadarko wins Guyana licence

Licence: Anadarko gains access to Guyana’s offshore resources

RELATED STORIES

Luke Johnson 

26 June 2012 22:49 GMT

South American nation Guyana has awarded US independent Anadarko a licence to explore for oil and gas off its shores in the Roraima deep-water block.

The Guyana government said in a release that it had agreed with Anadarko’s subsidiary in the country to “commence studying available data for the concession acreage” to find prospects suitable for drilling.

It said that Anadarko had been seeking an exploration licence in the country since last year, confirming an earlier Upstream report.

Other companies set exploring off Guyana include ExxonMobil, Repsol and Tullow Oil.

The release also said that Guyana’s cabinet has approved a proposal by the Ministry of Natural Resources and the Environment to establish a Petroleum Advisory Board to oversee the oil and gas sector,

The aim is to make the country “more investor friendly” for companies who wish to exploit its oil, the statement said.

Guyana has petitioned a UN commission to ­extend its continental shelf by a further 150 nautical miles (277.8 kilometres) from the current 200 nautical mile limit.