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GUYANA | British investors signal interest in oil, gas sector

First Vice President and Minister of Foreign Affairs, Carl Greenidge First Vice President and Minister of Foreign Affairs, Carl Greenidge
GEORGETOWN, Guyana, May 10, CMC -British investors have  signaled their intention to invest in Guyana’s oil and gas sector.

The investors expressed interest to First Vice President and Minister of Foreign Affairs, Carl Greenidge, who accompanied President David Granger, on a five-day state visit last month.

Carl Greenidge

During a recent press conference, Greenidge noted that British and Irish company Tullow Oil shared when they expect to commence exploration.

Tullow Oil has interests in the newly defined Kanuku and Orinduik Blocks offshore Guyana.

He said that during the meeting with investors  – “Tullow, spoke to its involvement in Guyana, where it started and when they expect to commence exploration having completed their exploratory work on the shelf.”

Greenidge noted that investors also shared their  experiences and challenges faced in investing in Guyana.

He told reports that  the meetings were not technical – in that no monetary pledges were made by the investors.

“We explained things, we tried to clarify issues that were raised. The discussion was fairly exhaustive.” Investors also signaled their interests in investing in other sectors like mining .

While in the UK, the President addressed investors and others at the Caribbean Council’s Annual Reception at the House of Lords with a view towards supporting the region’s economic development.

  • Countries: Guyana