Guyana delegation in Houston, Texas for 2023 Offshore Technology Conference

May 01, 2023 News

Kaieteur News – A Guyanese delegation led by Chief Investment Officer of Guyana and Agency Head of the Guyana Office for Investment (Go-Invest), Dr. Peter Ramsaroop are in Houston, Texas to participate in the 2023 Offshore Technology Conference (OTC).

According to a press statement, the delegation comprises of 40 private sector companies such as GKB, Guyana Logistics & Support Services, Friedlander, GTT, Swiss Machinery along with several Guyanese Associations AMCHAM, GCCI, PSC, GOGEC and approximately 100 participants.

The four-day event, starting May 1st, marks Guyana’s fourth time participating in the Conference. Guyanese businesses aim to attract investments, primarily in the oil, gas, and service sectors, while establishing key partnerships.

On the first day of the event, Dr. Ramsaroop along with the Honorary Consul General of Guyana, Lutfi Hassan will officially lead the ribbon-cutting ceremony to celebrate the inauguration of the grand opening of the Guyana Pavilion.

This year’s feature presentation will be on the Investment outlook of Guyana. A presentation will also be made on accelerating offshore development while maintaining an ecological balance, focusing on the country’s carbon credit trading and commitment to a low-carbon economy.

According to the statement, Dr. Ramsaroop stated that OTC provides the ability for companies to develop business relationships and tap into emerging regions that are vital to offshore development. He added that Guyana has unmatched success with more than 11 percent of the world’s recent oil discoveries. He also highlighted that the country’s presence will aid in marketing the traditional sectors, such as Agriculture, Tourism, ICT, Manufacturing, Services, Mining, and Forestry.

“This year, we have a few new companies on board representing an array of diversified sectors, we have the banking sector, insurance, logistics, and support services. We are all here to market our beautiful Guyana in support of our President’s One Guyana initiative,” Dr. Ramsaroop said.

Participation at OTC allows Guyanese businesses to learn and seek partners in pursuit of emerging opportunities and also aid in bringing more supply chain opportunities to Guyana’s shores.

A major importance of this mission is education, connection, and networking. The conference has the attendance of energy professionals, engineers, executives, operators, scientists, and managers from across the world and all fields in the offshore energy sector. Industry leaders will discuss licensing and business opportunities as well as recently introduced new technologies.

Moreover, Guyana’s investment opportunities will be presented at the 2nd Annual Boardroom Session: Guyana Executive Roundtable. A Guyana Evening of Information Sharing and Networking hosted by ExxonMobil Guyana will give attendees the opportunity to connect with key individuals from various international and local companies. Presentations will be made by representatives from ExxonMobil, the US Embassy in Guyana, and the Agency Head of Go-Invest is expected to headline the event.