‘No new oil deal as yet for Orinduik Block’ – Canadian company
Canadian oil and gas firm Eco (Atlantic) says a new Production Sharing Agreement for Guyana's offshore Orinduik Block has not been concluded yet. The company had earlier expected to secure the deal by now, but says it is making good progress in negotiations with the Ministry of Natural Resources. A signed agreement would set the terms for work on the block and how any revenue is shared.
…says ‘making good progress’ in negotiating new PSA (Kaieteur News) – Canadian oil and gas company Eco (Atlantic) Oil & Gas says negotiations with the Ministry of Natural Resources for a new Production Sharing Agreement (PSA) for the offshore Orinduik Block are progressing well, despite the company’s earlier expectation that a deal would be secured by […] The post ‘No new oil deal as yet for Orinduik Block’ – Canadian company appeared first on Kaieteur News .