US$17M oil block bonus: Month-end is “absolute cut-off date” – Bharrat on Cybele’s payment leniency
July 12, 2026
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…says company opened local office, hired Guyanese workers, paid over US$2M in related fees
Natural Resources Minister Vickram Bharrat has set a timeline for the Ghanaian company, Cybele Energy, to pay off the US$17 million signing bonus for the S7 oil block that it was awarded offshore Guyana.
“I say safely, the ending of July will be the absolute cut-off date,” Bharrat declared during an appearance on the Starting Point podcast, where he was asked about the timeline for the oil company to settle the outstanding payment.
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