Good Governance: Preparing for First Oil, Guyana
- 17 Oct, 2016
- 12:00 am
The Good Governance: Preparing for First Oil in Guyana seminar was held in Georgetown on the 17 and 18 November 2016. A high-level discussion on 17 November featured ministers, members of parliament, high-ranking civil servants, and civil society leaders. Following the significant oil discovery made offshore in Guyana, this seminar was designed to help policymakers prepare for first oil production; to review policy options (and the trade-offs involved in pursuing the various options); and to discuss what changes in laws and institutions would be required to best prepare for oil production. On 18 November, members of the legal and accountancy professions were invited to participate in a more focused training session on finance and the legal framework for the petroleum sector. Discussions on both days were enriched by participants from other emerging and established producer countries as well as oil industry representatives.