GIPEX 2019 A Success, Highlighting Partnerships in this New Industry to Guyana
November 25th, 2019 – Georgetown, Guyana – The 2019 Guyana International Petroleum Business Summit and Exhibition (GIPEX) has come to a close, highlighting growing excitement for new opportunities and partnerships.
Sponsored and attended by international and local companies, GIPEX 2019 placed a deliberate focus on building local capacity. The keynote address by ExxonMobil SVP Upstream Oil & Gas Development, Hunter Farris, addressed directly the concerns of those uncertain about the new industry.
Said Farris, “As we approach first oil, I’m sure many people are excited about the new chapter that’s being written in Guyana. [...]. But I’ve also realised there are those who are unsure, or even skeptical about the oil industry or what it brings to Guyana. [...] We are here to partner with Guyana and its people, to develop its oil and gas resources in a responsible and mutually beneficial way. It’s a relationship for the long term, and for decades to come.”
In addressing the conference, Dr. Mark Bynoe, head of the Department of Energy in Guyana, also emphasised the need to put people, and particularly young people, first in the oil and gas industry.
“A people-centred approach remains our modus operandi for realising our development ambitions. Our people remain our most treasured resource.” – Dr. Mark Bynoe
GIPEX 2019 is in its second year, with more than 200 participating companies and more than 650 attendees. Operating companies, their partners, and major service companies were joined in hosting booths by a significant number of local ones. The steady building of partnerships in Guyana will be a key factor in determining the success of the industry for the country.
A number of executives attending whose companies depend on offshore operations support, toured the Guyana Shore Base (GYSBI) and International Petroleum & Maritime Academy (IPMA). For many the last time they were in Guyana was GIPEX 2018, and they were significantly impressed with what they saw.
Said Lars Mangal, CEO TOTALTEC, “Building partnerships is absolutely critical for Guyana, and nowhere is this more important than offshore supply bases and the associated services and products. Partnerships enable Guyanese companies and their people to very quickly gain the skills and knowledge required to support this highly challenging industry. TOTALTEC remains focused on forming partnerships, and one example we are very proud of exhibited at the conference, Jaguar Oilfield Services.”
TOTALTEC Oilfield Services is focused on the success of the oil industry in Guyana for the benefit the country, its people, and partner companies. It does this through three areas: people, partnerships, and facilities. Qualified and motivated Guyanese develop through the International Petroleum & Maritime Academy. Partnerships prioritize products and services that are starting points to grow from, creating new Guyanese led companies. Examples are Guyana Shore Base, Inc. providing support to offshore operations and Jaguar Oilfield Services offering a complete range of lifting equipment and inspection services. The 94% Guyanese TOTALTEC workforce includes 8 nationalities with over 160 years of international oilfield experience. https://www.totaltec-os.com