REGULATORY AND INSTITUIONAL STRENGTHENING

Poor regulatory frameworks and non-performing institutions can lead to an unstable Oil and Gas industry. Conversely, a robust and proactive regulatory framework could promote an efficient industry. We work with regulatory authorities and players in the industry ensuring regulatory frameworks and institutions governing the petroleum industry are goal setting as supposed to rule-based and prescriptive. This is to prevent legal regimes and governance based on command and control approach or top-down regulatory strategies which are not dynamic enough to anticipate various emerging developments in the Oil & Gas industry globally. That is not to argue that only a goal setting regulation produces best result.

We guide and work with regulatory authorities and players in the industry to achieve hybrid form of regulations which includes perceptive and goal setting approach. Our Team of Professionals are able to bring together Regulators and the Industry Players achieving synergies for the overall benefits of all stakeholders. We help to unveil a collaborative strategy for optimal economic achievements and sustainability, aimed at strengthening the oil and gas industry as well as ensure the sustainability of the sector. We point out strategy that would articulate key delivery programmes to guarantee stability, growth, and development of the industry in line with people centric, environment and government’s aspirations.

As part of our goal at WASA to strengthen industry and ensure sustainability, we encourage collaborative strategy, framework and training of Industry Players and Regulators for maximum economic benefits delivery by the Oil & Gas sector. We are the team to deliver your training needs and supports for success.

Our strategy will articulate key delivery programmes to guarantee stability, growth, and development of the industry in line with Government aspirations whilst leveraging and encouraging an inclusive and democratic Oil and Gas sector that delivers techno-economic approach to development and growth of Guyana without compromising safety, value, and cost efficiency.

We understand the dynamics that foster collaboration, influence, facilitate, enable and promote industry growth, all for economic growth and overriding national interest. We are able to work with regulatory institutions and Industry Players ensuring streamlined roles, prevent duplications and promote consolidation which will engender regulatory clarity and ease of doing business.