Start:Thursday, June 14, 2018 at 1:00pm
End:Thursday, June 14, 2018 at 3:00pm
Guyana Offshore Market Overview
Anand Harrilall, Trade Commissioner for Guyana and Suriname with the High Commission of Canada will be in Halifax the afternoon of June 14th to provide an overview of the developing market in oil & gas as a result of several deep water oil discoveries off the coast of Guyana.
Exxon Mobil and its partners Hess and CNOCC Nexen to date discovered close to 4 billion barrels of recoverable oil approximately 120 miles offshore Guyana in its Stabroek block. Production of first oil by slated for March 2020 which signals accelerated development since the first find was made in May 2015. The discovery signals a new era for the country’s energy sector and economy with immense opportunities for goods and services providers for the sector including structures and capacity needed to oversee the sector’s long-term development, effectively manage revenue streams etc. Exxon plans additional exploration in its Stabroek block in 2018, citing favorable geology. The economic outlook for the small economy is positive albeit but not devoid of reservations on its capacity to manage the nascent sector.
Market presentation covers procurement opportunities and insights on doing business in Guyana.
Light refreshments served