Petroleum Management Programme

To promote and support the exploration, development, and production of petroleum (oil and gas) resources by regulating, managing, and monitoring the industry to ensure that the resources are developed in an economically viable manner to attain an improved level of national prosperity that will provide for maximum economic benefits for all Guyanese



ExxonMobil initiated oil and gas exploration activities in Guyana in 2008. Explore activities of various operators in the Guyana Basin.

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The Programme in Action

Nov 25, 2020

Final Local Content Report submitted to Natural Resources Minister

Understanding the critical nature of the review of policy initiatives on local content in the petroleum sector, the Local Content Panel has submitted the final report for the development of Guyana’s Local Content Policy and Legislation.

Sep 03, 2020

Draft agreement for Payara development under discussion – Vickram Bharrat

A draft agreement for the Payara development has been formulated and will be discussed today by a high-level team comprising individuals from ExxonMobil and the Department of Energy.

Aug 15, 2020

Team of international experts reviewing Payara contract

The current review has been undertaken by the Energy Department for more than seven months. The Department contracted Bayphase Oil and Gas Consultants at a sum of US$386,830 which commenced in December 27, 2019. There was a first contract extension (no cost) to July 27, 2020 and a second…