ExxonMobil Guyana relinquishes 20 percent of Stabroek Block - Caribbean News Global
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ExxonMobil Guyana relinquishes 20 percent of Stabroek Block - Caribbean News Global
GEORGETOWN, Guyana, (DPI) – The ministry of natural resources announced on Wednesday that ExxonMobil Guyana Limited (EMGL) has officially relinquished 20 pe cent of the Stabroek Block. ‘Relinquishment,’ outlined in the 2016 Production Sharing Agreement (PSA), refers to the giving up of sections of a block by a contractor after a stipulated amount of time has elapsed and no commercial discoveries have been made. The 20 percent or 2,534 km² that i…
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