First oil & gas lecture set for today

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The Guyana Oil and Gas Association Inc. will be hosting its first public lecture on oil and gas development today, January 12,  at the Pegasus Hotel.  The lecture will be held under the theme; “The Establishment and Maintenance of a Viable and Successful Framework for Oil and Gas Development in Guyana”, and will be delivered by Mr. Kevin Ramnarine; former Minister of Energy & Energy Affairs of Trinidad & Tobago.

In a press statement, the Association said this move is part of its objective of providing a forum for discussion of issues affecting the performance of the oil and gas sector with various public and private stakeholders, and for the exchange of views in matters of interest to development of the hydrocarbons sector.

These lectures will be dedicated to engaging the public on the development of the oil and gas industry in Guyana. The series is intended to create an open forum for the discussion of the development of a viable industry. GOGA has engaged and will continue to engage international and local industry experts from the government, corporate and academic sectors; who will share with the Guyanese public their experience and recommendations on the sustainable and beneficial management of the industry.

GOGA said Mr. Ramnarine, during his tenure as Minister of Energy & Energy Affairs, was credited with opening-up of Trinidad and Tobago’s deepwater acreage to exploration. In total, nine deepwater ‘production sharing contracts’ (PSCs) were signed with BHP Billiton and its partners. Arising out of these nine contracts, BHP Billiton conducted the largest ever 3D seismic survey conducted by an International Oil Company in the history of the oil industry of T&T.

Hence, he has signed twenty-three PSCs and Exploration and Production (E&P) licenses which is a record for a single Minister in T&T. As Minister, he presided over a four-fold increase in petroleum related Foreign Direct Investment from US$501M in 2010 to US$1.9B in 2014.

The forum will commence at 18:30hrs and will be held at the Savannah Suite, Pegasus Hotel Guyana, Seawall Road, Kingston, Georgetown.

The GOGA said admission is free and open to the public and this inaugural lecture will be part of a series of public lectures which GOGA will be organising during the year.

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