Over 100 local companies to participate in 2024 Offshore Technology Conference in Houston

Over 100 local companies to participate in 2024 Offshore Technology Conference in Houston

More than 100 Guyanese companies are expected to participate in the Offshore Technology Conference (OTC) in Houston, Texas next May, Senior Vice President of the Georgetown Chamber of Commerce and Industry (GCCI), Richard Rambarran has announced.

Since 1969, the Offshore Technology Conference has served as the meeting place for the best and brightest minds in the world to discuss and build consensus around the most pressing challenges, topics and innovations in the offshore energy sector.

At a press conference at the Pegasus Corporate Suites on Monday, Rambarran said the Georgetown Chamber of Commerce with the backing of the Guyana Office for Investment (GO-Invest) and the Ministry of Natural Resources, will be at the forefront of Guyana’s participation at the 55th Annual Offshore Technology Conference, which will be held from May 6-9, 2024.

“Historically, we have had a Guyana booth where we have all participated under one umbrella – government and private sector side by side – showcasing the country at the largest stage…Last year, we had approximately 100 companies. This year we are looking for a delegation that is even larger than that,” GCCI Senior Vice President said.

He said of those companies, more than 40 are members of the Georgetown Chamber alone.

Mr. Rambarran explained thatt to date, those companies are still reaping the benefits of participating in the conference, which brings together thousands of business leaders and energy experts from across the world.

“We have seen tangible and material output from the participation of enterprises in OTC including but not limited to joint ventures, partnerships, exposure for distribution, and provision of franchise here in Guyana. It has really been something that has been unprecedented in its nature and we will continue to ensure that is facilitated,” he said.

Weighing in on Guyana’s participation at the conference, Chief Executive Officer (CEO) of Go-Invest, Dr Peter Ramsaroop said the conference has exposed Guyanese companies to investors, and partners in the field of Oil and Gas.

“The success story has been tremendous. If you ask GUYSONS, for example, what and how they met their joint ventures partner, which is now one of the leading engineering companies in Guyana, they will say, at the OTC,” Dr Ramsaroop said.

In 2023, more than 31,000 offshore energy professionals from more than 100 countries convened at the Offshore Technology Conference (OTC) to discuss the latest advancements in the offshore oil and gas industry, while touting the role that the offshore energy industry plays within the energy transition.

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