Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade's hottest oil region, people close to the matter said.
The Guyanese government expects firms like QatarEnergy to both bid on the April auction and engage in direct negotiations, Jagdeo told Reuters last month.
The proposed rules will nearly double the government's take from oil production to 27.5% of royalties and profit oil, plus a new 10% corporate tax, compared to Exxon's main contract."We believe it is asymmetric now, and a bit in favor of the companies," Jagdeo said. "We want more information to come from the oil and gas companies."
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