Guyana Petroleum Resources Governance and Management Project

The objective of the Petroleum Resources Governance and Management Project is to support the enhancement of legal and institutional frameworks and the strengthening of the capacity of key institutions to manage the oil and gas sector in Guyana. There are four components to the project, the first component being enhancement of legal framework and stakeholder engagement. This component aims to support the update of Guyana’s legal and regulatory frameworks for the governance and oversight of the O and G sector as well as support stakeholder engagement and transparency. This component includes two subcomponents: update the legal and regulatory frameworks for the O and G sector, and support stakeholder engagement and transparency. The second component is the capacity building of key institutions. This component includes four subcomponents: support immediate technical needs at key institutions with responsibility for O and G, support critical training needs at key institutions with responsibility for O and G, build up petroleum data management, and strengthen environmental and social management. The third component is the enhancement of fiscal management. Finally, the fourth component is the project management. This component will provide support to the government of the co-operative Republic of Guyana to manage and coordinate all project activities financed under the project. More specifically, it will provide support and build the Government’s procurement, financial management, safeguards management, monitoring and evaluation capacity through the provision to the Project Implementing Unit (PIU), Department of Energy, of technical advisory services, training, recruitment of instrumental staff as needed, acquisition of goods, and operating costs.