CGX Energy is currently drilling for oil offshore Guyana.
The Hall of Residence is slated to be completed by December and will accommodate visiting faculty and technical experts engaged in research, technology transfer and educational outreach. CGX will also be paying for the furnishing of the facility. This project is being spearheaded by the Institute of Applied Science and Technology (IAST) and UG.
Speaking at a sod-turning ceremony yesterday for the facility, Professor Suresh S Narine, Director of IAST, said, “it is important that as we prepare for what we hope to be a lucrative sector that we have to take the responsibility as well of ensuring that we prepare our people, our education system, our governance system and our entire society to be responsible for managing what we hope to be a successful outcome.”
This undertaking is CGX Energy’s first major social outreach initiative in Guyana. Vice President of Exploration, Dewi Jones, said the company places emphasis on social responsibility and is pleased to be associated with this project