Guyana's President urges expansion through local content - The Washington Informer
Guyana's President urges local content as a way to accelerate growth in the local economy and beyond.
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Guyana's President urges local content as a way to accelerate growth in the local economy and beyond.
It is now more than three years since a British firm, IHS Markit, is yet to complete an audit of US$1.6B in expenses for the oil-rich Stabroek Block. Those costs were incurred during the period 1999 to 2017 by ExxonMobil Corporation’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL).
Vice President, Bharrat Jagdeo has confirmed there will be no extension of time for stakeholders to review the provisions of the draft Model Production Sharing Agreements (PSAs) for deepwater and shallow water oil blocks.
The PPP/C Government plans to embark on a number of measures that will keep the oil industry on the fast track for a minimum of 15 years, says Vice President, Bharrat Jagdeo.
Guyana’s first Local Content Summit will be held on April 4, 2023 through a partnership between MBW Energy Support Services Inc. (MBWESSI) and the Local Content Secretariat through the Ministry of Natural Resources. The event will be held at the Pegasus Suites, Kingston, Georgetown.