22 C
Georgetown
Sunday, February 28, 2021

Positioning Guyanese to benefit from opportunities in oil and gas

Must Read

Experts set to discuss Guyana’s gas to power project in OilNOW TV Sunday premiere

A panel discussion on Guyana’s planned gas to power project will premiere on OilNOW TV this evening as part...

Is the world heading for a shortfall in global oil supply?

By Dean Foreman, Chief Economist at American Petroleum Institute It’s possible we could be headed for a shortfall in global oil...

Suriname lines up new shore base port

(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms...
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.

A consulting firm in Guyana is seeking to educate stakeholders on the various employment and business opportunities in the country’s emerging oil and gas sector. Guyana Global Consulting Group (GGCG) will host an information and networking event entitled, “Building Healthy Partnerships and Collaborations in Oil and Gas Operations” on August 30 at the Guyana Marriott Hotel.

The event seeks to empower women and youths by informing them of the various roles they could play within the sector.

Speaking to OilNOW ahead of the session, Chief Executive Officer of GGCG Ms. Fatu Gbedema expressed the belief that oil and gas revenues should be used as a tool for nation-building.

“My lens is from a social development lens. But how do you use oil and gas resources to develop the country to take it to a different level? Building capacities, building competencies, building systems and processes that will make the country run more efficiently and more effectively,” said Gbedema.

Essential certifications for offshore oil and gas workers are expensive and training programs are either limited or in some cases, non-existent in Guyana at this time. Gbedema explained that by incorporating a networking session into the event, participants are given the opportunity to form groups with other persons interested in training.

“What I think is a deterrent for some is the cost of training. If [you’re one of] the average Guyanese making a little over GY$60,000, and you want to get training; Seafarer’s training is almost GY$200,000. Then there’re times when you take the course and you’re still waiting on the certificate. So now you have to think, “how am I going to afford this?” So, automatically you are reducing the access to the average Guyanese… So, the reason we are setting up networks is so people can get numbers, so we can reduce the cost of training,” she said.

Gbedema said Friday’s event, which will be held from 5:30 pm to 7:30 pm, is open to all persons who are interested in learning more about jobs, entrepreneurship, and specialized fields within the energy sector. However, to be a successful entrepreneur in an oil and gas economy one must be creative and consider all of the non-oil related businesses that cater to the industry.

“You need to have a diverse skillset that will allow you to function in other sectors apart from oil and gas… There’s catering, there’s painting, there’s landscaping, hospitality; when you look it you see that there is a big pie,” Gbedema pointed out.

The consultant emphasized that local entrepreneurs must offer goods and services at international standards as well as consider investing in internationally recognized certification, such as ISO 9001, if they expect to do business within the sector. She lauded the Center for Local Business Development for helping to fill the training and information void.

Guyana Global Consultancy Group is a management consulting firm with a particular focus on oil and gas. The firm was established in 2018 by Gbedema. Before establishing the firm, she worked for various multinational firms, NGOs, and government agencies including the World Bank, UNICEF, the International Monetary Fund, and the National Oil Company of Liberia.

Latest News

Experts set to discuss Guyana’s gas to power project in OilNOW TV Sunday premiere

A panel discussion on Guyana’s planned gas to power project will premiere on OilNOW TV this evening as part...

Is the world heading for a shortfall in global oil supply?

By Dean Foreman, Chief Economist at American Petroleum Institute It’s possible we could be headed for a shortfall in global oil supply as soon as next...

Suriname lines up new shore base port

(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms of discovered oil and gas...

Proposal to have 111 categories of service with high local content targets unrealistic – AMI Co-Director

If Brazil with a population of over 200 million people found it difficult to achieve high or progressive local content targets for 90 categories...

Will oil companies start spending again? Cash generation could hit record levels in 2021

By Simon Flowers - Chairman, Chief Analyst and author of The Edge at Wood Mackenzie This could be the year oil and gas roars back. Tom...

More Articles Like This