Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction.
also is looking to work in Guyana in collaboration with ONGC Videsh, two people close to the talks told Reuters.encouraged energy companies to participate in the auction
"ONGC Videsh continues to consider, evaluate and process several global business opportunities," a spokesperson said in a statement. "For reasons of confidentiality and as a policy, we do not comment on specific opportunities until there are definitive agreements in place."Guyana is offering three deepwater and 11 shallow-water blocks, each averaging 2,000 square kilometers . Bids are expected to be opened in April in Georgetown.
Exxon is considering bids on the blocks, said the company's Guyana country chief, Alistair Routledge. "Of course, we will look at it,"Many bidding decisions are contingent on Guyana clarifying terms of a new production sharing agreement that differ from that signed with the Exxon consortium for its 26,800 sq km Stabroek block.Oil analysts and experts say they are not expecting the new PSA model to meet a Jan.
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