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Ratio Guyana Faces Deadline
Guyana’s government is holding Ratio Guyana Limited to account as it waits for a detailed two-year work plan—including drilling a new well—to move forward with the Kaieteur Block. Though Ratio sent preliminary ideas after a June 12 deadline, officials demand more clarity before proceeding. The Israeli-backed Ratio Petroleum is seeking an extension while also negotiating a new partner, having already signaled possible withdrawal or area reduction. Since ExxonMobil and Hess exited, Ratio has struggled to find a new cooperator, with potential partners backing out over high geological risks and…
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