Georgetown – Anticipation is high about the discovery of oil when the first attempt is made within months to drill a well offshore Guyana.
President Bharrat Jagdeo speaking to the Government Information agency said, he remains confident of Guyana prospering as an oil and gas industry which he listed among the new growth poles for the future.
Tullow Oil, a London-based Company is expected to commence drilling in April in the Guyana basin and has invested huge in the Jaguar Well through a joint venture with REPSOL, a leading international oil exploration company out of Spain.
President Jagdeo said Guyana will be seeking as much advice as possible particularly in the area of development and monitoring of the oil and gas industry and will be turning to Trinidad and Tobago, its closest neighbour in the Caribbean Community (CARICOM) which has a wealth of expertise in this area.
