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Government Releases NABI Oil and Gas Inc. Petroleum Agreement

According to the Department of Public Information, The Ministry of Natural Resources, now makes available the contract with NABI Oil and Gas Inc. The contract document is available on the Department of Public Information’s website (Click here) and the Ministry’s website: http://www.nre.gov.gy.

NABI Oil & Gas Inc. is a locally owned company that started in 2010 as a project management, logistical support, drilling and energy, construction company. In June 2012, the company was granted a lease for 2,300 square kilometres onshore in the Mahaica-Mahaicony, East Bank Demerara area.

During the last quarter of 2013, the company conducted a geochemistry survey and was in the process of analyzing the data it had gathered. The company’s activities have reportedly been dormant since 2014.

Earlier this year, Minister of Natural Resources Raphael Trotman made a commitment to release all major contracts between the Government of Guyana and companies in the extractive industries sector.

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