HOUSTON, TEXAS (By editors at Energy Analytics Institute, 13.Mar.2025, Words: 248) — The government of Guyana announced it is of the view that the Petroleum Agreement and Prospecting Licence for the Corentyne block offshore Guyana held by joint venture (JV) partners CGX Energy Inc. and Frontera Energy Corporation are “at an end.”
The JV partners recently received a communication from the government informing them that: on the one hand, “The government is of the view that the Petroleum Agreement and Prospecting Licence are at an end,” but on the other hand, that the government of Guyana “hereby terminates the Petroleum Agreement and cancels the Prospecting Licence with immediate effect,” Frontera and CGX announced on 13 Mar. 2025 in a joint statement.
