The Ministry of Natural Resources and the Environment yesterday launched its upstream oil and gas policy at a National stakeholders’ forum at the Herdmanston Lodge, Georgetown.
INA said that giving an overview of the policy, Dr. Epken Omonbude, Economic Adviser, Commonwealth Secretariat pointed out that the draft of this policy was discussed on October 2013 and accepted by Cabinet around the same time in 2014.
According to Minister of Natural Resources and the Environment, Robert Persaud, the policy is to prepare the country for the eventuality of a significant amount of oil being found.
Country Manager of Exploration and Production Guyana Ltd, Jeff Simon, was also given the opportunity to make comments and suggestions on the policy, as his company ExxonMobil is set to begin drilling for oil in March.
Prime Minister and Minister of Energy, Samuel Hinds, who was also present at the ceremony, said that he was “very pleased that this day has come…. and by the end of this quarter to have some deep drilling.”
