Repsol, CGX sign on for oil expo

Spanish Company, Repsol Exploracion Guyana S.A. and Canadian Company CGX Energy inc. have signed on to the Guyana International Petroleum Business Summit - GIPEX 2018 - as Gold Sponsors, a release from the Ministry of Natural Resources said on Friday.

The inaugural GIPEX 2018 will be held from February 7 to 9, 2018 at the Georgetown Marriott Hotel and will be hosted by the Ministry of Natural Resources (MNR) with lead organizing partner being the Guyana Office for Investment (GoInvest).

The release said that the event aims to present investors with options to explore the hydrocarbon potential of Guyana and will provide a networking platform for existing petroleum companies, service providers, equipment companies and investors. GIPEX 2018 will also enable space for researchers/scientists and academics to share their work while the participants from industry can promote their products. The event will also lay the foundation for establishing a dynamic relationship between the Ministry of Natural Resources and the Private Sector with full co-operation from other Government Departments, all working to make Guyana a favourable and pro-business destination.

Professor Suresh Narine, Chairman and Executive Director (Guyana), CGX Energy, said in the press release, “CGX Energy is delighted to be a Gold Sponsor of GIPEX 2018.

We congratulate the Government of Guyana in taking this initiative, which will only serve to strengthen Guyana as an emerging world-class basin for petroleum exploration and production. This event will also provide an opportunity for local companies and institutions to be showcased and to interact with their international counterparts – an essential step towards Guyanese individuals, institutions and businesses participating in this emerging industry. CGX Energy is proud to play a role in this effort, by not only being a sponsor, but also by donating booth space to the University of Guyana, the Ministry of Indigenous Peoples’ Affairs and several Indigenous organizations, so that they can participate fully in the event. As a long-standing exploration company in the Guyana Basin, we are firmly focused on expanding the basin’s economic promise by continuing our exploration of the Corentyne, Demerara and Berbice Blocks. As an early investor in Deep Water Port infrastructure in Guyana, we are also focused on continuing to play our groundbreaking role in the expanding petroleum opportunity for all Guyanese.”

Ryan Ramjit, Country Exploration Manager Guyana and Eastern Caribbean, Repsol Exploracion Guyana S.A., said, “Repsol Exploracion Guyana S.A. has had exploration interests in the Cooperative Republic of Guyana for the past 20 years. We remain committed to success in Oil and Gas Exploration in Guyana and are pleased to be a gold sponsor. The increased demand for space at the Guyana International Petroleum Business Summit is a sign of growing global interest in Guyana as an upcoming Oil and Gas Player.”

ExxonMobil is on board as a strategic partner.