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GY-T1167 : Strengthening the Technical Functions of the Department of Energy

Project Status: Implementation

The objective of this project is to continue supporting on-going efforts to build strategic capacity management in the Government of Guyana (GoG) to effectively manage the governance of the emerging oil and gas (O&G) sector in the country. This Technical Cooperation (TC) will: (a) provide immediate support to operationalize protocols for management and compliance monitoring of the Stabroek Block Production Sharing Agreement (PSA) through improvements in general monitoring and enforcement standards during administration procedures, production control and verification processes, reserve certification guidelines, and Recordkeeping and information management; (b) provide general training and support to key agencies within the oil & gas regulatory framework with specific attention to the use of the contract management systems; and (c) provide a platform for the dissemination best practices for software solutions for compliance monitoring and for operating requisite internal control systems to maintain data integrity and accuracy in the O&G sector.

Project Detail

Project Number
GY-T1167
Approval date
December 17, 2019
Project Country
Guyana
Project Sector
ENERGY
Project Subsector
NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES
Project Type
Technical Cooperation
Project Lending Type
SG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/OC-17844-GY

Financial Information

Project Number
GY-T1167
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Oct/03/2022

Roles & Responsibilities

Contract signature date
Dec/17/2019

Project Information

Total Cost
USD 606,062
Country counterpart financing
USD 0
Amount
USD 606,062

Approved

Title
Type
Project Number
Date Published
TC Document
GY-T1167
February 13, 2020
TC Document
GY-T1167
February 13, 2020
TC Document
GY-T1167
February 13, 2020
TC Document
GY-T1167
February 13, 2020
TC Document
GY-T1167
February 13, 2020

Implementation

Title
Type
Project Number
Date Published
Specific Procurement Notices
GY-T1167
March 11, 2022