Guyana gives oil exploration rights to Anadarko

GEORGETOWN, Guyana — Guyana has awarded exploration rights to Anadarko Petroleum Corp., which is oil off the South American country’s coast.

Natural Resources Minister Robert Persaud said Anadarko Guyana Company signed the agreement with government officials on Tuesday. He says the company will study the geology to identify possible drilling sites.

The company is a wholly owned subsidiary of The Woodlands-based Anadarko.

Guyana recently awarded a 17 million acre oil exploration concession to Exxon Mobil Corp.

Other companies exploring for oil off Guyana’s coast include Spain’s Repsol, Britain-based Tullow Oil and CGX Energy of Canada, which recently struck a dry hole near neighboring Suriname.