Ministry of Natural Resources and New Petroleum Producers Group team up to host Seminar on Governance of the Petroleum Sector “Preparing for First Oil”.


(Georgetown, Guyana) – The Ministry of Natural Resources is collaborating with the New Petroleum Producers Group to host a seminar on “Governance of the Petroleum Sector: Preparing for First Oil”. The Group is organised by Chatham House – the Royal Institute of International Affairs, with the support of the Commonwealth Secretariat and the Natural Resources Governance Institute (NRGI).

The seminar is being held from the 17-18 November, 2016 and aims to enhance the capacity of Guyana as an emerging oil and gas producer to establish context-appropriate rules and institutions for good governance its petroleum sector. This is a key component of Guyana’s efforts as it prepares for impending oil production.

The first day of the seminar (November 17, 2016) is specially tailored to assist Government Ministries and Agencies with responsibility for various aspects of the petroleum sector regulatory and development regime. Discussions will cover Introduction to Oil and Gas, Good Governance; Petroleum Fiscal Systems design the establishment of a National Oil Company.

The second day (November 18, 2016), is designed specifically for Certified Accountants and Attorneys-at-Law to provide insight on key elements of the oil and gas sector in relation to their areas of practice. Legal Frameworks, Contract Negotiation, Financial Risk Management and Internal Controls for the oil and gas sector are among the topics planned for discussion.

 Sessions will be facilitated by a team of international experts and local participation will be enhanced by contributions from new and experienced petroleum producers and advisors from Ghana, Uganda, Suriname, Trinidad, Liberia, the United Kingdom and the United States of America.

The Ministry of Natural Resources is extending an invitation to Certified Accountants and Attorneys-at-Law to attend the seminar on November 18, 2016. Interested persons are asked to contact the Ministry of Natural Resources on telephone 231-2506-11 ext.213 to register by Wednesday November 16, 2016 since spaces are limited.

The Ministry is continuously working through its networks and partners to facilitate various opportunities that will build the capacity of Guyanese and better prepare the nation for “First Oil”.

November 11, 2016.

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