The Guyana government has extended by six and half years, the contract term for Noble Corporation drillship rig.
The Noble Tom Madden was previously contracted until mid-February 2024.
The additional term will extend the rig contract to mid-August 2030.
Since the discovery of oil offshore, and a reasonable political stability, Guyana is the fastest growing economy in the world with a projected 26.21% growth this year and expectations of 12% in 2021; 49% in 2022 and 28% in 2023.
Based on this, Guyana's Gross Domestic Product of US$ 6.81 billion is expected to more than double by 2025 to reach US$14.08 billion.
All feeds
