Text Size:
A | A

Kevin Ramnarine, Minister for Energy and Energy Affairs

Text Size: A | A
January 1, 2013

Results of the latest deepwater bid round are being announced this week. This round saw considerably more success than past ones; in this context, could you elaborate on the changes in the structure of these biddings rounds compared to previous rounds?

Senator the Honourable Kevin C Ramnarine, Minister For Energy and Energy Affairs


We made a number of changes to the fiscal regime for this bidding round. First, we increased the rate of cost recovery to 80 % (the recovery rate was 60 % in prior rounds). Second, we ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription