Georgetown, Guyana – (October 28, 2015) In light of ExxonMobil’s significant oil find in Guyana, the Department of Natural Resources and the Environment, in partnership with the United Nations Development Programme (UNDP), will be hosting a two-day workshop on Building Capacity for Managing the Hydrocarbon Sector for Development in Guyana, from October 30 – 31, 2015 at the Arthur Chung Convention Centre.
Focus will be placed on key elements for the design and implementation of the legal and regulatory frameworks to effectively govern the petroleum sector. It will address participatory and consultative decision making processes, revenue management as well as the human, social, physical and financial capital development needed to support economic diversification.
The sessions, while drawing from international experience in this sector, will also focus on the lessons learnt that will be most relevant to Guyana.
Additionally, this forum is expected to build on the foundations of an effective governance framework for the oil and gas sector, which will be drawn from the Draft National Upstream Oil and Gas Policy; being created with support from the Commonwealth Secretariat.
The Seminar is expected to benefit both policy makers and stakeholders involved in the natural resources sector in Guyana, enhancing their knowledge to provide them with the capacity to make informed decisions and implement reforms.