Guyana has put planned oil
auctions on hold as the impoverished South American country
works to establish a Department of Energy to oversee the energy
boom, Minister of State Joseph Harmon said on Monday.
Tullow Oil plans to drill
its first well in the much-watched Guyana offshore basin in the
third quarter of next year in its Orinduik licence bordering
discoveries by Exxon, a spokesman said on Wednesday.
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