Office of the President – GTTCI – Applications for the positions of “Instructors” for the GTTCI in Port Mourant
OFFICE OF THE PRESIDENT Guyana Technical Training College Inc. (GTTCI) Port Mourant, Berbice Applications for the positions of “Instructors” for the GTTCI in Port Mourant! The Government of Guyana, through the Office of the President is seeking to employ eight (8) Instructors who themselves will be trained to become full time Instructors of the new […]
Gov’t welcomes first oil at Prosperity FPSO
MEDIA RELEASEGov’t welcomes first oil at Prosperity FPSO Kingston, Georgetown, Guyana (November 14, 2023) The Government of Guyana is pleased to announce the occurrence of first oil on the Prosperity Floating Production Storage and Offloading (FPSO) vessel in the Payara Petroleum Production Licence area. The Payara development was approved in September 2020 and sanctioned the […]
Cost Recovery Audit Update
COST RECOVERY AUDIT UPDATE Gov’t working diligently to complete audits of Stabroek Block’s costs Kingston, Georgetown, Guyana (August 23, 2023) The Ministry of Natural Resources (MNR) and the Guyana Revenue Authority (GRA) is currently reviewing and verifying expenditure audits and verification of profit oil associated with the Stabroek Block operator’s exploration and development campaign during […]
Draft Petroleum Activities Bill 2023
MEDIA RELEASE Gov’t releases draft Petroleum Activities Bill 2023 Kingston, Georgetown, Guyana (June 19, 2022) The Ministry of Natural Resources, on behalf of the Government of Guyana, announces the release of the Draft Petroleum Activities Bill of 2023 for public consultation. The Petroleum Activities Bill is intended to replace the Petroleum (Exploration and Production) Act […]
Gov’t announces release of draft Model Petroleum Agreements and 14-day consultation period
Gov’t announces release of draft Model Petroleum Agreements and 14-day consultation period Kingston, Georgetown, Guyana (March 14, 2023) The Ministry of Natural Resources, on behalf of the Government of Guyana, is pleased to announce the release of the draft Model Petroleum Agreements for both the deepwater and shallow-water area, and the commencement of a fourteen-day […]
Guyana National Bureau of Standards – Adoption of Standards
Guyana National Bureau of Standards – Adoption of Standards
Guyana National Bureau of Standards – Adoption of Standards
Guyana National Bureau of Standards – Adoption of Standards The Guyana National Bureau of Standards (GNBS) would like to notify the public that the following standards are intended to be adopted as national standards and the public is asked to submit any objection(s): ISO 29001:2020 Petroleum, petrochemical and natural gas industries – sector-specific quality management […]
GoG welcomes three new Offshore Oil Discoveries within the Stabroek Block
-discoveries add to almost 11 billion barrels of oil equivalent The Government of Guyana through the Ministry of Natural Resources, in compliance with the principles of transparency and accountability, is pleased to announce three new oil-field discoveries by Exxon Exploration and Production Guyana (EEPGL) and partners at Barreleye, Patwa-1, and Lukanani-1 Wells Offshore Guyana […]
GoG welcomes new Offshore Oil Discoveries
– new discoveries position Guyana to exceed a total of 9 billion oil-equivalent barrels The Ministry of Natural Resources on behalf of the Government of Guyana is pleased to announce Guyana’s newest Oil Discovery by Exxon Exploration and Production Guyana (EEPGL) and partners at Pinktail Offshore Guyana, within the Stabroek Block. The Pinktail well encountered […]
Prudent Management of Guyana’s Emerging Petroleum Economy
“Developing the institutional and policy framework for the new and emerging Guyanese petroleum economy requires two distinct regulatory tasks.” Economic or commercial tasks and tasks of assuring health and safety. First, there are the economic or commercial tasks including the release of new acreage, the negotiation of licence terms and achieving maximum economic benefits from […]