12/10/2018 First Oil likely by next year; Guyana far from ready – Energy Dept gets US$2 million

US$2 million to prep for US$4 billion project – Kaieteur News

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LATEST wly earthworm…Farmer sees business potential in vermicomposting First Oil likely by next year; Guyana far from ready –

First Oil likely by next year; Guyana far from ready

Sports
– Energy Dept gets US$2 million to prep for US$4
billion project
 Dec 09, 2018  News, What Guyana needs to know about ExxonMobil 0 Comments

Noble House Seafoods two-day 2nd

By Abena Rockcliffe-Campbell division final Bailey’s 6-36 give...
 Dec 09, 2018

Guyana’s journey to first oil may be even shorter than anticipated. By Sean Devers On a flat track and slow outfield
According to Attorney-at-law, Charles Ramson, ExxonMobil is moving ahead of schedule in its at Bourda yesterday 23-year-old pacer Bernard

preparation. However, “our government continues to pussyfoot. This reality tells Guyanese all they Bailey’s 6-36 put GCC in control over police on the
need to know about their future under the rule of the APNU+AFC over an oil producing country.” opening day of their Noble House Seafoods...

Read More
During an interview with this newspaper, Ramson, who has a
Master’s Degree in Oil and Gas Management, indicated that
GMRSC’s Endurance
he has been keeping up to date with the pace of development
series final round on...
for Liza Phase one.  Dec 09, 2018
Ramson said that the pace of the project development could
very well see oil production commencing toward the last
quarter of 2019 instead of March 2020 as originally targeted.
He said, “The project development is going well and is Leroy Cort continues to
currently running ahead of schedule.” impress on U.S. Circuit...
According to Ramson, the Floating Production Storage and  Dec 09, 2018
Attorney-at-Law, Charles Ramson
Offloading unit (FPSO) being constructed in Singapore is
likely to be completed by the middle of next year. It will then
take about six weeks to get to Guyana. Once that is in place and functioning, it is virtually smooth
GGDMA backs swimmer
sailing onwards, said Ramson.
Menezes for Suriname
Ramson said that it is all well and good that ExxonMobil is “on the ball”. swim
“No one can blame the company for that; I mean it is not called an oil giant for nothing. But, the  Dec 09, 2018
He continued, “I am a politician, so, most likely many will see my statements here as being political
but oil is beyond politics; it will determine our future and the government ought to have been far more
prepared knowing the possibilities of first oil being next year. Entertaining action
Ramson was keen to point out that none of the government Ministers spoke extensively about oil highlights CBC Night
and gas during the recently concluded National Budget Debate. two...
 Dec 09, 2018
Ramson recalled that the Ministry of the Presidency is now responsible for oil and gas as it has
control of the Department of Energy. But, Minister of State, Joseph Harmon, did not touch on oil and
gas production preparation during his contribution to the Budget Debate.
Dinar Trading in support
Further, Ramson said that the government allocated only $400M for the entire 2019 for the Energy
of K&S organised...
Department.  Dec 09, 2018
“The department was given $400M for both capital and current expenditure. That is US$2M. The
Liza phase one project is US$4.4B. How are we to adequately prepare as a country, given all that is
needed to be done, with that paltry sum?
“The real truth is that we cannot. And we must understand that oil is big, too big for the management
to be a department within a Ministry. We need an oil ministry. This is serious money and those Features/Columnists
inflows are going to be happening sooner than we expected.”
Ramson went on to point out that there is nothing that Guyana can boast accomplishing in
Moses Nagamootoo: Macbeth
preparation for first oil.
Ramson pointed out that the Petroleum Commission needed to regulate the Oil and Gas sector is resurrected
still to be established; there is no Local Content Legislation or policy, and there is no Sovereign
I have done two columns with snippets
Wealth Fund or relevant committees established.
of biography of Rupert Roopnaraine
Further, Ramson said there is no fully functioning cost-auditing department, no Environmental
Department to deal with oil spill readiness, no Petroleum Geology Department to assess the seismic

https://www.kaieteurnewsonline.com/2018/12/09/first-oil-likely-by-next-year-guyana-far-from-ready-energy-dept-gets-us2-million-to-prep-for-us4-bi… 1/3
12/10/2018 First Oil likely by next year; Guyana far from ready – Energy Dept gets US$2 million to prep for US$4 billion project – Kaieteur News
and appraisal information and no National Oil Company. (see the following two pieces – Wednesday,... more
 theNEWS
Further,
EDITORIAL SPORTS LETTERS FEATURES / COLUMNISTS
Environmental Protection Agency (EPA) is still to be strengthened and pertinent
WHAT GUYANA NEEDS TO KNOW  FOLLO
Petroleum Laws are still to be made.
Ingratitude at the hilt
Ramson even noted that reforms to the public financial management system are yet to be completed
and there remains limited capacity at all levels in the Ministry of Finance “and this is something that Guyana can be an ungrateful nation.
even the IMF (International Monetary Fund) pointed it out and we are still to improve our Public Nothing better exemplifies Guyana’s
Financial Management systems.”
ingratitude towards outsiders than the
practice... more

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demons

By Sir Ronald Sanders Had the

meeting of CARICOM governments on
the Caribbean Single Market and
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12/10/2018 First Oil likely by next year; Guyana far from ready – Energy Dept gets US$2 million to prep for US$4 billion project – Kaieteur News
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