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.