Monday, September 26, 2022

Guyana is ‘Gateway to Opportunities’ at biggest oil and gas conference in the world

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The Guyana government said on Monday that it is the highlight of the Offshore Technology Conference once again, after opening its booth at the NRG Park, in Houston, Texas on Monday.

“With the facilitating efforts of the Guyana Office for Investment and the support of the private sector delegation here, the continuous collaboration this year allows for a greater level of business network and partnership formation,” Minister of Natural Resources, Vickram Bharrat, told OilNOW.

He said the ministry is looks forward to participation at the technical forums and will highlight the future development of the energy sector and growth of local industries through local content mechanisms.

Guyana had also participated in OTC 2021. Chief Executive Officer (CEO) of GO-Invest Dr. Peter Ramsaroop had said Guyana was the star of that event. Officials from the Guyana team had reported encouraging joint ventures to every prospective foreign investor. This year makes the first time since Guyana passed its Local Content Act into law, which mandates use of local goods and services.

“Guyana is truly the ‘gateway to opportunities’ as our theme says this year. Investor interest is growing at a phenomenal rate, and this speaks to the massive transformation the country is experiencing.” Dr. Ramsaroop told OilNOW.

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He said the OTC provides an opportunity for companies to develop relationships and tap into emerging regions that are vital to offshore development. He also pointed out that despite Guyana’s unmatched success in the offshore exploration activities, it is not focusing on oil alone, but its marketing agriculture, tourism, manufacturing, services and other sectors it intends to see grow alongside oil.

The Guyana delegation is being led by Mr. Bharrat. He, along with Dr. Ramsaroop; United States Ambassador, Sarah-Ann Lynch; and Honorary Consul General of Guyana, Mr. Lutfi Hassan led the ribbon cutting ceremony Monday morning, to mark the opening of the country’s booth.

The Conference is scheduled for May 2-5.

A Government statement said a Guyana Evening of Information Sharing and Networking is scheduled for Wednesday at the Asia Society Texas Center, sponsored by ExxonMobil. Minister Bharrat, Ambassador Lynch and Dr. Ramsaroop are expected to address this event. It will be attended by up to 300 invited guests from various international and local companies, offering an opportunity for partnerships.

The government’s information arm also said an Airport Signing Agreement between the Houston Airport System and Guyana, represented by the Cheddi Jagan International Airport’s CEO, Dr. Ramesh Ghir, was scheduled for signing on Monday.

On Wednesday, an MoU is expected between the Malaysian Euro Circuit Technologies SDN BHD and local Guyanese joint venture partner PCPG Inc.

Mr. Bharrat will be featured at the James A. Baker III Hall, Rice University, where he will deliver a keynote address on Guyana: perspectives on energy policy.

On Tuesday, Mr. Bharrat will lead a feature on the Around the World Series Panel Discussion on Promoting Investment for Guyana’s Petroleum Sector Through Beneficial Local Content Goals: Maximizing Business Opportunities and Profitability discussion. Several public and private sector officials will participate.

On Wednesday, Mr. Bharrat, Dr. Ramsaroop and Ambassador Lynch will make feature addresses at the boardroom session, Ambassador Insight Series.

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