Guyana to launch first government-led 3D seismic survey across unlicensed offshore acreages
Guyana is moving to conduct its first government-led, multi-client 3D seismic survey across unlicensed offshore acreages, a step that will strengthen future petroleum licensing rounds and support the establishment of a local data repository.
Senior Finance Minister Dr. Ashni Singh told the National Assembly that the government is engaging two seismic acquisition companies to conduct the survey, which will improve seismic coverage and assist in building Guyana’s petroleum data repository, including the storage and management of data locally.
Dr. Singh said the initiative comes as the government continues engagements with companies over Production Sharing Agreements (PSAs) from the 2022–2023 licensing round, with two new PSAs signed in the final quarter of 2025 and negotiations continuing in 2026 for the remaining blocks under “new and enhanced” terms.
He said the new seismic data will place Guyana in a stronger position to host additional international licensing rounds, as the government prepares for future auctions supported by higher-quality subsurface information.
