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T&T’s oil chief to address local business body
Several top officials of neighbouring Trinidad and Tobago, involved in the multi-billion-dollar oil and gas industry, are expected in the country this week to speak of opportunities.
Dr. Thackwray Driver
The event, to be held Friday at the Pegasus Hotel, will be hosted by the Guyana Manufacturing and Services Association (GMSA).
According to the business advocacy body, Friday’s crucial seminar/symposium is to sensitize manufacturers, service providers and commercial entrepreneurs to the myriad opportunities for business expansion and diversification into fields related to petroleum production, storage, safety and trade. Generally these are referred to as upstream or downstream enterprises.
The four to five-hour interactive seminar will be facilitated by the head of the Energy Chamber of Trinidad and Tobago, Dr. Thackwray Driver, who will be accompanied by several representatives of Trinidadian private sector companies including HHSL Safety Systems Ltd., Anfield Services Ltd. and Baker Hughes Inc. These companies are all integrally involved in the petroleum industry in the oil-rich twin-island republic.
This latest development would come after a major announcement by US-owned ExxonMobil that it has discovered significant evidence of oil in its offshore concessions.
Previously, two offshore exploration attempts had failed to find oil in commercial quantities.
Guyana has been preparing for the advent of oil production, which from all indications could take another five years.
The country is heavily dependent on oil imports to meet its energy needs.
GMSA said, yesterday, that after Friday’s seminar, GMSA will host its now annual business dinner in the Savannah Suite, Pegasus Hotel.
The keynote speaker will be University of the West Indies Lecturer and Researcher on Energy Trade and author, Dr. Roger Hosein.
“He will discuss the opportunities and threats to intra-regional trade in a petroleum production environment under the topic: “The Macroeconomics of a Resource Boom in a small resource-abundant Economy”.”
During the week ahead, the team of Trinidadian petroleum experts will meet with key management officials at the Geology and Mines Commission (GGMC), the entity that will hold ultimate responsibility for the safe and environmentally sound operations of all petroleum operations on and offshore Guyana.
Deputy GGMC Commissioner, Newell Dennison, the country’s own resident petroleum expert, will make a presentation during the seminar.
“These events are expected to bring together a wide range of stakeholders – entrepreneurs, business support organizations, government agencies, regional and international technical support organizations, and funding agencies to share information and build the relationships that will be crucial to Guyana’s hydrocarbon industry,” GMSA said.
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