The Guyana Pavilion at the Offshore Technology Conference 2023 (OTC), was officially opened on the morning of May 1 with a symbolic ribbon-cutting ceremony. Guyana has been one of the main newcomers at the show in recent years.
The event, from May 1 to May 4, 2023, at the NRG Centre in Houston, sees Guyana participating for the fourth time in this prestigious international gathering. Dr. Peter Ramsaroop, Chief Investment Officer of Guyana and Agency Head of the Guyana Office for Investment (GO-INVEST), and Honorary Consul General of Guyana in Houston, Mr. Lutfi Hassan, led the ribbon-cutting ceremony.
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Dr. Ramsaroop said the government is unwavering in its dedication to the effort of showcasing Guyana’s development and the opportunities present.
“OTC is one of the most prestigious platforms for the world to keep engaging with Guyana as we continue to lead on energy transition, low carbon development, and climate services,” he said. “The group that we have here comprised representatives from Government and from private sector organisations, inclusive of individual companies at every size.”
The OTC serves as a vital forum for offshore energy industry stakeholders to exchange ideas and explore innovative technologies. Guyana’s participation results from a collaboration between the Guyana Office for Investment and 40 private sector companies, with over 100 participants in the delegation. GKB, Guyana Logistics & Support Services, Friedlander, GTT, and Swiss Machinery are among the notable companies present, alongside key business organisations such as the Private Sector Commission (PSC), the Georgetown Chamber of Commerce and Industry (GCCI), the American Chamber of Commerce and Industry (AMCHAM), and the Guyana Oil & Gas Energy Chamber (GOGEC), forming the Guyana delegation.
Kester Hutson, the GCCI President said, “We continue to be satisfied with the continued enthusiasm demonstrated by our members for participation at the OTC. We must applaud the Guyana Office for Investment for being able to assemble businesses and organizations for this event. As we continue to be a regional energy production powerhouse, Guyana needs to be promoted to the world more than ever.”
Manniram Prashad, President of the Guyana Oil and Gas Energy Chamber said, “GOGEC plays a significant role in linking Oil and Gas and energy companies to Guyanese businesses. We are excited to bring such a large delegation to the oil and gas capital of the world and expect to see tremendous results in the form of MOUs and contract signings.”
By participating in the OTC, Guyanese businesses and government representatives hope to bring partnerships and opportunities back to Guyana. GO-INVEST said the primary focus of this mission is education, connection, and networking.
Guyana’s offshore petroleum sector continues to be the driving force of the country’s economic expansion. ExxonMobil has discovered 11 billion oil-equivalent barrels and plans to produce more than 1.2 million barrels per day (bpd) by 2027.
