All the latest news and commentary on the new Guyana Oil and Gas sector include exploration, drilling, policy, impact and more.
Local Content So far, these columns have taken a narrative approach and it was intended that once all the information was placed on the table, some analysis, both critical and policy directed, could be undertaken.
“We use or produce oil but the contracts that make it all possible have been secret.
“There are not many places left on earth where you can put together an acreage portfolio like this ….
The second in this series of columns on Oil and gas turns its attention to the legislative and regulatory framework for the exploration and production of oil and gas in Guyana.
As Guyana moves to First Oil – that long dreamt event with the possibility of transforming our country – it is hoped that this column will contribute to a better understanding of the vast opportunities and the unobtrusive pitfalls that await us.
The newly formed Guyana Oil and Gas Energy Chamber (GOGEC) has been set up to ensure that there is inclusive stakeholder participation in the emerging industry, its Chairman Manniram Prashad says.
According to Pedro Haas, Director of Advisory Services at Hartree Partners who was tasked with carrying out a feasibility study for an oil refinery in Guyana, the cost to construct such a facility would be some US$5 billion, and would see at least half the invested amount lost upon commissioning.
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