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What is the Greater Guyana Initiative?
The Greater Guyana Initiative is a US$100 million (GY$20 billion) investment made by the Stabroek Block co-venturers ExxonMobil Guyana Limited, Hess Guyana Exploration Limited and CNOOC Petroleum Guyana Limited, which will support capacity development programs across Guyana over ten years. This represents a significant expansion of ongoing capacity-building efforts in the country and demonstrates a long-term commitment by the Stabroek Block co-venturers to help further development in Guyana.
With a focus on education and training, economic development, and health, the initiative aims to strengthen the Guyanese workforce, increase the competitiveness of local businesses across sectors and lay the foundation necessary for a thriving business environment and sustained economic growth.
As programs develop, national and local leaders, community members and the private sector will be engaged to bolster the effectiveness of the endeavor and ensure alignment with Guyana’s development priorities as they evolve over the coming years.
Program Activities
The Greater Guyana Initiative (GGI) multi-faceted approach focuses on education and training, economic development, and health.
Education and Training
The GGI education and training programs will focus on advancing diverse vocational and university education, building skills, and developing competencies to support growing opportunities across many economic sectors.
This objective will be achieved through collaboration with education sector stakeholders such as the Council for Technical and Vocational Education and Training (CTVET) and the University of Guyana. The capacity-building initiatives will focus on developing a technical workforce for the broader economy. Funding will advance programs for select craft skills and basic industrial safety training including mechanics, electrical installation, and welding. Under the initiative, persons are also provided with Basic Industrial and Safety Training.
Health
The GGI will focus on public health initiatives that increase access to treatment and education. In keeping with this goal, one initiative has been a partnership with the Roraima Learning Trust (RLT) under the Enhancing Community Wellness Project to reduce the prevalence of chronic health conditions, such as diabetes and hypertension in the country.
Economic Development and Diversification
The GGI will expand the co-venturers’ current support for the Centre for Local Business Development (CLBD) and facilitate its transition into a long-term center of excellence for the broader industry.
In addition to expanding the Centre, programs will focus on regional initiatives in capacity development, in priority areas such as business development and agriculture.
About the Stabroek Block Co-Venturers
About ExxonMobil Guyana Limited
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.
To learn more, visit exxonmobil.com and the Energy Factor. Follow us on Twitter and LinkedIn.
About Hess
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.More information on Hess Corporation is available at www.hess.com.
About CNOOC
CNOOC Limited and its subsidiaries is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. The Group mainly engages in exploration, development, production and sale of crude oil and natural gas.More information about the Company is available at cnoocltd.com.