The Guyana Pavilion officially opened Monday at the 2025 Offshore Technology Conference (OTC), taking place at NRG Park in Houston, Texas, where thousands of global energy professionals have gathered to explore the latest innovations in offshore development.
The Offshore Technology Conference serves as a central hub where energy professionals from around the world share ideas, engage in debates, and build consensus around the most pressing issues facing the offshore energy sector. The event will take place over four days, from May 5 to 8.
Guyana’s presence at the world’s largest oil and gas conference is being coordinated by the Georgetown Chamber of Commerce and Industry (GCCI) with support from the Guyana Office for Investment (Go-Invest) and major sponsors including ExxonMobil Guyana. The Pavilion showcases a diverse delegation of Guyanese companies, representing not just the booming oil and gas sector but also the country’s broader economy.
Speaking at the launch, GCCI President Kathy Smith said that Guyana’s development story extends beyond the oil and gas sector. She talked about ongoing government efforts to diversify the economy, with increased focus on agriculture, mining, and other industries positioned to benefit from the country’s expanding economy.
“This space here, GCCI has recognised, is not just a physical space, but it has become a dynamic platform where it’s an opportunity for collaboration, innovation, and of course, to have those bold conversations that’s needed towards meaningful partnership,” Smith said.
Chief Investment Officer and CEO of Go-Invest, Dr. Peter Ramsaroop, also addressed attendees, noting that the growth of Guyana’s petroleum sector is accelerating the nation’s transformation into a modern economy.
“We are not an oil economy. We are a diversified economy,” the official said.
Guyana, the South American nation now recognized as one of the world’s fastest growing economies, has experienced consecutive double-digit economic growth since it began producing oil in late 2019. The government has collected revenues from royalties and profit oil sales, which are being funneled into public infrastructure, education, and economic diversification efforts.
The rapid development of the petroleum sector has spurred foreign investment across Guyana’s economy, and has strengthened local industries through a landmark local content framework, which mandates companies operating in the oil and gas industry to procure goods and services from Guyanese businesses and prioritize local hiring.
