Guyana’s growing oil and gas sector arouses more international interests

─ GCCI signs MOU with Aberdeen University during overseas conference

DPI, Guyana, Tuesday, September 10, 2019

It has been reported that there has been positive feedback from Guyana’s attendance at the recently held, annual Society of Petroleum Engineers (SPE) Offshore Europe Conference and Exhibition in Aberdeen Scotland.

The chamber, in partnership with the government agency, GO-INVEST, attended the September 3rd to September 6th 2019 Conference and Exhibition, in Aberdeen, UK.

GCCI’s President Nicholas Deygoo-Boyer and Chief Executive of the Aberdeen & Grampian Chamber of Commerce, Russell Borthwick following the signing of the MOU on behalf of their respective organisations.

At a media conference on Tuesday afternoon, President of the Georgetown Chamber of Commerce and Industry, (GCCI), Nicholas Deygoo-Boyer stated that the international interest in Guyana from companies and business in attendance was encouraging.

“It is very heartening to hear people interested in the market and wanting to do business in one of the hottest destinations for investment in the oil and gas industry.” stated the GCCI President.

He was also happy that the collaboration for the conference was a united Guyana participating.  “Talking about the investment destinations and talking about how companies can find partners and explore expanding local content and the services and products that they sell, bringing them here to Exxon or Tullow, or any of the other potential operators here,” Deygoo-Boyer noted.

In the meantime, during the four-day conference, GCCI and the Aberdeen and Grampian Chamber of Commerce signed a Memorandum of Understanding, (MOU), intended to create and strengthen links between the two Chambers for the enhancement of trade, and for information sharing relating to issues of policy and trade development.

“The MOU stipulates that both Parties will facilitate access to events and briefings for visiting members from either Chamber at member rates, as well as provide visiting members with information that is relevant and useful during the period of their visit,” the GCCI stated on its website.

Under the agreement, both parties have also agreed to promote each other’s member companies, where appropriate, and publicise trade between the two areas. Both chambers will also seek to find practical ways to support each other through the assistance of partners such as the British Chambers of Commerce, Scottish Chambers of Commerce, the Department for International Trade, Scottish Development International and other similar bodies.

The MOU will be enforced from the day of its signing and shall be valid for a period of two years.

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