–to highlight Guyana’s hydro-carbon potential

OIL and gas giants, ExxonMobil has signed on as a strategic partner of the inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX 2018), billed for February 7-9 at the Georgetown Marriott.

According to a press statement, the event, which the United Kingdom (UK)-based Valiant Business Media in collaboration with the Government of the Cooperative Republic of Guyana is organising, aims to present investors with options to explore the huge hydro-carbon potential of Guyana.

The summit will provide a networking platform for existing petroleum companies; service providers; equipment companies; and investors.

In addition, the press statement indicated that GIPEX will also provide a platform for researchers/scientists and academics to share their research work while the participants from industry can promote their products.

ExxonMobil Guyana’s Senior Director, Public and Government Affairs, Kimberly Brassington said the company is very excited to be the strategic partner in the GIPEX 2018 summit.

“Bringing information about the oil and gas industry and the Liza Project to a larger audience is paramount in our mission here in Guyana,” Brassington said, adding:

“We hope the exhibition will provide knowledge and information-sharing opportunities, and aid in building relationships for the Guyanese community that will outlast the event.

“We welcome this initiative undertaken by the Ministry of Natural resources, Go-Invest and Valiant Business Media.”
Go-Invest Chief Executive Officer, Owen Verwey also welcomed Exxon as a strategic partner for GIPEX 2018.

This Convention, he said, is an important initiative which is geared at promoting the oil and gas sector globally in order to attract investment and expertise in that area of the economy.

Verwey said Go-Invest looks forward to working with ExxonMobil and other key players to make the launch of GIPEX a success, and welcomes the people of Guyana to take part and familiarise themselves with the developments of the petroleum sector.

“We are also looking forward to welcoming international stakeholders looking to explore Guyana as an investment destination,” he said.

Shariq AbdulHai, Managing Director of Valiant Business Media echoed similar sentiments as Verwey, saying that as the world’s leading publicly-owned energy company and the main player in Guyana, Exxon’s partnership with GIPEX is very important.

“We look forward to working with Exxon to use GIPEX as a medium to share information with the people of Guyana about the oil & gas sector in general and the Liza project in particular,” he said.

AbdulHai also said they were looking forward to welcoming a number of Guyanese and international companies at GIPEX, with a view to establishing business relationships and exploring opportunities in this important economic sector of the country.
ExxonMobil, along with its joint-venture partners Hess and CNOOC Nexen, is expected to commence oil production in the Liza field in 2020.

In the meanwhile, they and other international oil companies are continuing to explore.