World class oil and gas institute planned for Guyana, will also service the region – President Ali

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The Guyana government has commenced discussions for the establishment of a ‘world class’ oil and gas training institute in the South American country that would also serve the needs of the region.

This was disclosed by President Irfaan Ali, during an address at the Guyana Manufacturing and Services Association (GMSA) 25th Annual Presentation of Awards ceremony held on Wednesday.

The President said his administration is taking measures to ensure the capacity of Guyanese is developed to effectively service the needs of the new economy which is expected to see double digit growth in the coming years, fuelled by multi-billion-barrel hydrocarbon resources discovered offshore.

“It is for this reason that we are realigning the educational output with the economic requirement and you will see the unfolding of 20,000 scholarships to ensure we build the capacity right here at home to take the opportunities that are coming our way,” Mr. Ali stated.

The President said in this regard, plans are already underway to set up a state-of-the-art institution in the new oil producing country that will cater to the needs of Guyanese as well as the people of the region.

“I assure you that we have commenced discussion on having a world class, world-rated oil and gas institute and training centre right here in Guyana, and we will achieve it, we must achieve it,” the President told those gathered. “This will not only provide training for Guyanese but for human resources in the oil and gas sector from across the region.”

Guyana is on course to become one of the top oil producers in the region with production expected to surpass the 1 million barrels per day (bpd) mark by the end of this decade before peaking at around 1.5 million bpd by the mid-2030s.

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