22 C
Georgetown
Monday, June 14, 2021

Guyana energy department beefing up human resource capacity

Must Read

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a...

Oil prices rise as demand improves

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

Guyana’s Department of Energy (DE) is looking to engage the services of several specialists as it continues to build capacity and acquire the expertise needed to effectively manage the country’s emerging oil and gas industry.

DE Director Dr. Mark Bynoe has said the department continues “to work assiduously” to build its structure for the more efficient management of oil and gas.

“The Department of Energy has contracted the services of a petroleum accounting specialist and has been working to secure the services of a contract administration specialist, a sub-surface engineer and an oil and gas advisor to the Director of the DE,” Dr. Bynoe recently told reporters.

Physical and resource capacity has been a major constraint to the work of the DE. It was established in August 2018 and initially housed in the offices of the Ministry of the Presidency. The DE has since relocated to its own building in another section of Georgetown.

Guyana is poised to become one of the major producers in the region with an estimated 1 million barrels of oil per day output by the end of the decade.

Oil production started last December at the Liza Phase 1 Development project located approximately 120 miles offshore at the ExxonMobil-operated Stabroek Block. Production is expected to ramp-up to the full capacity of 120,000 barrels per day by June.

- Advertisement -

OilNOW TV

Latest News

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding...

Oil prices rise as demand improves

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel...

Guyana on its way to cashing in over half billion US dollars in oil revenue by year-end

Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing...

Exxon moves to Whiptail as 15-well Guyana campaign ramps up

Fresh off a new discovery announced just last week, U.S. oil major ExxonMobil is now moving to Whiptail, another prospect on the 6.6 million...

More Articles Like This