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Guyana now mandates oil companies to set up Decommissioning Fund

Guyana now mandates oil companies to set up Decommissioning Fund
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Kiana wilburgOil gasPetroleum activities law ptGuyana petroleum activities lawPetroleum activities lawDecommissioning fundProduction sharing agreements

Companies will have to pay US$2M annually fee to retain untapped discoveries

Companies will have to pay US$2M annually fee to retain untapped discoveries
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Kiana wilburgPetroleum activities law ptOil gasRetention work programmePetroleum activities lawActivities lawNatural resources ministerProduction sharing agreementsContract areaContract areas

Companies have rigid timelines/guidelines for oil exploration

Companies have rigid timelines/guidelines for oil exploration
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Kiana wilburgGuyana petroleum activities lawPetroleum activities law ptPetroleum activities lawActivities lawNatural resources

Minister Bharrat to have control over conditions to grant oil licences; Hefty penalties await violators

Minister Bharrat to have control over conditions to grant oil licences; Hefty penalties await violators
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Kiana wilburgVickram bharratGuyana petroleum activities lawPetroleum activities law ptOil gasMinister bharratActivities lawPetroleum activities lawNatural resources minister

Minister must obey all Cabinet directions on oil sector

Minister must obey all Cabinet directions on oil sector
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Vickram bharratKiana wilburgPetroleum activities lawPetroleum activities law ptGuyana parliament onOil gasActivities lawNatural resources ministerKaieteur news