Latest update March 29th, 2024 12:59 AM
Dec 19, 2013 News
Companies involved in offshore oil and gas exploration in Guyana are expected to update Government on its work during a critical meeting tomorrow in the United States.
Minister of Natural Resources and the Environment, Robert Persaud, and Newell Dennison, Deputy Commissioner, Guyana Geology and Mines Commission will be attending the review, the Ministry said yesterday. The meeting will be chaired by Minister Persaud.
The annual meeting will be attended by both representatives of the incumbent and new companies entering the potential oil and gas sector of Guyana such as Andarko Guyana Co., Repsol Exploration S.A., Ratio Oil Exploration Ltd., Esso Exploration & Production Guyana Ltd., CGX Energy Inc., Pacific Rubiales and Tullow Oil Plc.
Following the completion of the offshore wells, Jaguar and Eagle in 2012, companies have moved to renew their interest in Guyana’s offshore drive by submitting new applications for seismic acquisition and marine surveys.
New venture interests have been pursued and are in place for the next steps in Guyana’s quest to develop its hydrocarbon potentials.
According to the Ministry’s statement, the Government through the Ministry of Natural Resources and the Environment has been continuously working to establish a firm basis for putting in place the necessary legislation, regulations and other aspects of the institutional framework required for the efficient governance and development of the sector.
“This includes the development of the Petroleum Advisory Board which will be the guide for further advancement of the sector in Guyana.”
THIS IDIOT TELLING GUYANA WE HAVE NO SAY IN THE 50% PROFIT SHARING AGREEMENT WE HAVE WITH EXXON.
Mar 29, 2024
By Rawle Toney Kaieteur Sports – After a series of outstanding performances in 2023, Tianna Springer, dubbed the ‘wonder girl’, is eagerly gearing up to compete in this year’s...Kaieteur News – Good Friday in Guyana is not what it used to be. The day has lost much of its solemnity. The one day... more
By Sir Ronald Sanders Kaieteur News – In the face of escalating global environmental challenges, water scarcity and... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]