Guyana Oil and Gas Association with Marak Alliance

to hold the First Oil and Gas Local Content Conference in Guyana

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Date: 04 - 05 December 2018

First Guyanese Oil and Gas Local Content Conference

GOGA Conference Advert
  • Date
  • Dec 04 – 05 2018

First Guyanese Oil and Gas Local Content Conference - A Roadmap to Advancing Value Addition and Sustainability

Venue: International Conference Centre, Railway Embankment Road Georgetown, Guyana

Organizers: Guyana Oil & Gas Association in conjunction with Marak Alliance, Calgary, Canada

Conservative estimates that oil discovery in Guyana could be up to 1.4 billion barrels and oil is expected to be produced by 2020 with an average output of 100,000 bpd.. According to the IMF, “the main impact of the oil project is through fiscal revenues since the oil sector is fairly isolated from the rest of the economy, with no significant spill over at this time” (IMF article V Consultation May 2017). Liza Phase 1 alone is expected to generate over $7 billion in royalty and profit oil revenues for Guyana over the life of the project.

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