THE Guyana Oil and Gas Energy Chamber (GOGEC) has signed a Memorandum of Understanding (MoU) with the Petroleum Technology Association of Nigeria (PETAN) to facilitate a collaboration that will lead to the exchange of information and sharing of resources between the two parties in the oil and gas sector.

According to a release, this MoU was initiated in Houston, Texas, USA, during the Offshore Technology Conference (OTC 2022).
“The MoU was recently signed by Mr Manniram Prashad, President of GOGEC, and Mr Nik Odinuwe, Executive Chairman of PETAN accompanied by Mr Ranti Omole, Vice-Chairman of the Petroleum Technology Association of Nigeria (PETAN) at the Pegasus Hotel during their visit to Guyana last week to finalise the Memorandum of Understanding,” the release said.

It added: “PETAN’s aim is to bring together Nigerian Oil and Gas entrepreneurs to create a forum for the exchange of ideas with major operators and policy-makers, whereas GOGEC’s mission is to ensure that there are equal opportunities for all the operators and potential operators within the industry and promote trade, investment and knowledge transfer within the energy sector to all members and stakeholders.”

Nigeria is the largest oil and gas producer in Africa. The release noted that as of 2020, Nigeria had the largest oil and gas reserves in the African region, with around 37 million barrels of crude oil and 5.5 billion cubic metres of gas.