Guyana's government next month plans to begin a search for an oil company or trading firm to market its share of the South American country's crude, the director of the Department of Energy, Mark Bynoe, said in an interview.
"We don't yet have the kind of back office support that is necessary," he told Reuters on Wednesday afternoon in his office, lined with books on energy and development including historian Daniel Yergin's"The Prize." Irfaan Ali, who is challenging President David Granger, has pledged to review the terms of oil deals signed by the current administration. He has argued that the government was not transparent in choosing Shell to lift the first cargoes. Bynoe disputed that.
Bynoe said Guyana expects to hire a company within two months to conduct new seismic surveys in the shallow continental shelf and some in deeper waters to provide hints as to where else oil may lie. He later added that after the procurement was complete, the contract could still take some time to finalize.
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