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The Independent UK
The Independent UK
National
Bert Wilkinson

Oil-rich Guyana opens bids for new offshore blocks as it seeks to boost production

Oil Guyana ExxonMobil
Copyright 2023 The Associated Press. All rights reserved

Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production.

Six companies and groups submitted bids for the available blocks late Tuesday after the bidding process was postponed three times to provide more time for those interested to evaluate the blocks’ data.

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