The CASS Business School of the City of London in collaboration with the High Commission of Guyana and the London Business School’s Energy Club held a well-attended discussion on Guyana’s oil discovery and its green future on Monday November 25.
The Guyana Oil Talk, which took place at the CASS Business School Auditorium in London saw discussions focusing on the description and timeline of discoveries and their impact on regional and global oil markets, funding and investing in these types of projects, investment opportunities in Guyana, the green economy, among others.
Speakers included; Director of Guyana’s Department of Energy, Dr. Mark Bynoe, High Commissioner of Guyana to the UK, His Excellency Frederick Hamley Case, Country Manager of Total, Olivier Wattez, Petro-Legal Managing Director, Sally Gibson and ABIS Energy CEO, Francis Kiernan. Dr. Bynoe’s remarks were delivered via Skype.
Moderator of the discussion, Bobby Gossai Jr., told OilNOW the event saw a lot of interest from Guyanese and persons interested in the development of the South American country’s emerging oil and gas sector.
“Members of the panel as well as the audience were very enthusiastic about the future of Guyana’s energy development in an advancing green economy,” he said.
Dr. Bynoe updated the audience on the current developments and preparation for first oil in Guyana, now set for December, ahead of the initial Q1 2020 schedule.
Wattez provided an overview of Total’s operations in Guyana and its activities globally, as the fourth largest oil and gas exploration and production company in the world.
A total of 16 discoveries have been made offshore Guyana since 2015, the majority of which – 14 – were made by US oil major ExxonMobil, operator at the 6.6 million acres Stabeork Block. UK-based Tullow Oil made the additional two discoveries in recent months at the Orinduik Block.
