50-member Oil & Gas delegation from Canada due next week

A Canadian Oil and Gas Trade Mission of approximately 50 persons from the offshore oil and gas industry of the province of Newfoundland and Labrador are due in Guyana next week, the Canadian High Commission has announced.

“Canadian companies are hoping to leverage partnerships with appropriate Guyanese businesses, and work with them to access opportunities in the oil and gas sector,” the High Commission stated.

The delegation will be in Guyana from October 15-18.

In addition, the Minister of Natural Resources from Newfoundland and Labrador, Siobhan Coady, will also be in Guyana next week on a different mission and will be signing a Memorandum of Understanding (MOU) on behalf of her province with the Government of Guyana for technical cooperation on oil and gas.

“Guyana presents world-class, deep-water petroleum prospects which offer business opportunities that align with Newfoundland and Labrador’s petroleum expertise and experience.

“The development of potential partnerships between the two jurisdictions could serve to build strong business relationships, transfer technology, and skills development to support the growth of Guyana’s offshore oil and gas industry,” the High Commission stated.

Newfoundland companies have been servicing FPSOs for over 15 years and companies from this

province have also been servicing rigs and drillships for 40 years, a release from the High Commission stated.