Guyana’s Ambassador to Brazil, George Talbot in providing an update on the drilling of a number of wells in the South Rupununi by the Brazilian Army, said the scoping of the area has already taken place.
GINA quoted Ambassador Talbot as saying earlier today that the Brazilian authorities are in the process of preparing the framework under which such an activity will take place.
It is expected that in a short time, the Complementary Agreement to the Technical Cooperation Agreement that Guyana has with Brazil will be ready to be signed by the two countries to facilitate actions by Brazil in support of the project.
“The project will commence before the end of this year, with the target (being) the end of the current rainy season to begin works,” Ambassador Talbot said. He told GINA that during the works on the Brazilian side, counterparts on the Guyana side will be trained in drilling of the wells, operational procedures and well maintenance.
Meanwhile, a third meeting of the Administrative aspect of the Partial Scope Agreement with Brazil will take place during the month of June. Ambassador Talbot highlighted that under the agreement there are 180-odd items that Guyana can export duty free to Brazil, which are under-utilised on the Guyana side. The Ambassador said that only 10 of the items are being exported on a consistent basis to Brazil.
Ambassador Talbot mentioned that there is a third party to the agreement which is St. Kitts and Nevis. The three countries will review the agreement to see how they can move forward on trade.