Guyana greenlights $12 bn oil development plan

Guyana greenlights $12 bn oil development plan

Energy Daily

Published

Georgetown, Guyana (AFP) April 26, 2023

Guyana has approved a more than $12 billion investment proposal by a US and Chinese consortium seeking to develop an offshore oil field, Vice President Bharrat Jagdeo said Wednesday. The consortium is led by ExxonMobil, and includes the China National Offshore Oil Corporation and Hess Corporation, another American company. The investment plan was approved "after vigorous analysis by exte

Full Article