KEEN INTEREST IN GUYANA DEMONSTRATED AT HOUSTON OFFSHORE TECHNOLOGY CONFERENCE (OTC)

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Owen Verwey, GO-Invest’s Chief Executive Officer says Guyana has seen a significant amount of interest from the industry. This was said at the two day conference of Offshore Technology Conference (OTC) 2019. Guyana’s participation in this significant event highlights the fact that the country is quickly evolving into a budding oil and gas nation. However, it is no secret that the country has little to no expertise in the oil and gas sector but nonetheless foreign investors are willing to assist and give knowledge in the country’s development in this field.

Verwey stated that the positive response will enable businesses to network with partners “that can help increase their abilities and their resourcing to compete for jobs in the oil and gas sector.” 

 “Guyana is leading the world in oil discoveries as of 2018, so there’s a lot of interest. A lot of companies are coming by expressing interest and asking the question, how we can get in?” stated Greg Clark, a partner in the Hughes, Fields & Stoby law firm.

The event is being hosted under the theme “OTC’s Golden Anniversary Opening Session: The Next 50 Years of Offshore Developments”. It will provide industry executives with the chance to discover how companies are get ready for digitalization, automation, machine learning, and identifying the vision for the future of offshore exploration & production (E&P) operations. OTC 2019 is being held in Houston Texas and is well-represented by private and public agencies.

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