WITH Guyana’s interest in becoming a ‘green’ economy even as it enters into oil production, Chief Executive Officer (CEO) of TOTALTEC Oilfield Services, Lars Mangal believes that Guyana is the ideal partner for companies in the energy sector to put their ‘green’ objectives into action.

This was the CEO’s take away from his attendance at the 2019 World Energy Capital Assembly (WECA) held December 2-3 in London, where the 97 per cent Guyanese company was awarded by WECA as a finalist for the Service Company of the Year.
There, Mangal presented and participated in a panel session which highlighted the emerging and high-potential regions and companies, and how they are changing the way the industry operates.

In a release from TOTALTEC, the company said on Thursday that the scale of ExxonMobil’s discoveries in Guyana and pace of ramping-up activity to first oil expected in the coming weeks made it clear the country would be of strong interest to the Assembly.

“Being asked to participate in this conference validates the work we are doing in Guyana through our partnerships and the International Petroleum and Maritime Academy,” Mangal said, adding: “There was considerable discussion on the environment, and the importance of the industry working to positively contribute to addressing climate change and other environmental concerns in the countries where it operates. Guyana is an ideal partner for operators to put these ‘green’ objectives and plans into action.”

The World Energy Capital Assembly brings together the oil and gas and finance and investment worlds and senior executives to discuss emerging and re-emerging energy investment opportunities to review deals, and to chart exploration and production activity globally.

Meanwhile, TOTALTEC delivers a steady flow of trained personnel to international oilfield standards, offers customised training and supports offshore operations through a range of services.

At the event, TOTALTEC was nominated as a finalist for Service Company of the Year with the three other finalists being major oilfield service companies Schlumberger, TechnipFMC and SBM Offshore.

Mangal said: “To be a finalist and considered within this group of four is an honour, and highlights the focus of the awards on companies at the forefront of the industry in regions having exploration and development success.”

The two-day event kicked off with an opening plenary titled, ‘Taking the Pulse of the Industry in 2019 and Giving Insight to 2020 and Beyond’.

Subsequent topics included the role of environment, social and corporate governance in the future of the industry, insights into the technological innovations disrupting the future of the oil and gas industry and a number on attitudes of the financial markets to investing in oil and gas.