The newly established Guyana Oil and Gas Association (GOGA) on Tuesday evening used the occasion of its launch at the Marriott Hotel to call for “transparent governance” of the sector and to caution against Guyana going the way of other oil-producing countries.
In what was a call for prudent disbursement and accountability in the management of financial resources derived from the sector, Attorney Nigel Hughes, a director of GOGA, outlined the interests of the newly formed association. He also mirrored one of the critical themes of public discourse on the future of the sector ever since Exxon made public what it described as a “world class” oil find in the Liza 1 field, some 120 miles offshore Guyana. Describing the oil find as a “game changer,” Hughes declared that “a national discussion on what types of sovereign wealth funds are best suited for our republic is long overdue.”
