Guyana Petroleum Resources Governance and Management Project

Abstract*

The objective of the Petroleum Resources Governance and Management Project is to support the enhancement of legal and institutional frameworks and the strengthening of the capacity of key institutions to manage the oil and gas sector in Guyana. There are four components to the project, the first component being enhancement of legal framework and stakeholder engagement. This component aims to support the update of Guyana’s legal and regulatory frameworks... Show More

Development Objective

The project development objective is to support the enhancement of legal and institutional frameworks and the strengthening of the capacity of key institutions to manage the oil and gas sector in Guyana.

Key Details

Project Details

Project ID
P166730
Status
Active
Team Leader
Carlos Lopez Quiroga , Martin Oswald
Borrower 2
Co-operative Republic of Guyana

Country
Guyana
Disclosure Date
December 9, 2018
Approval Date
(as of board presentation)
March 29, 2019
Effective Date
April 11, 2019

Total Project Cost 1
US$ 20.00 million
Implementing Agency
Ministry of Natural Resources
Region
Latin America and Caribbean
Fiscal Year 3
2019

Commitment Amount
US$ 20.00 million
Environmental Category
B
Last Update Date
January 31, 2024
Closing Date
December 31, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change2%
- FY17 - Mitigation2%
FY17 - Energy100%
- FY17 - Energy Policies & Reform100%

FY17 - Human Development and Gender

FY17 - Gender34%

FY17 - Private Sector Development

FY17 - ICT33%
- FY17 - ICT Solutions33%

FY17 - Public Sector Management

FY17 - Data Development and Capacity Building33%
- FY17 - Data production, accessibility and use33%
FY17 - Public Finance Management31%
- FY17 - Public Expenditure Management31%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	20.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	20.00
IBRD + IDA Commitment	20.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	20.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 15, 2023	IDA-63820	Int Charges	3,049.40
May 15, 2023	IDA-63820	Int Charges	3,049.40
May 15, 2023	IDA-63820	Int Charges	27,791.68
May 15, 2023	IDA-63820	Int Charges	27,791.68
Oct 23, 2023	IDA-63820	Loan Disb	950,137.20
Nov 15, 2023	IDA-63820	Int Charges	378.42
Nov 15, 2023	IDA-63820	Int Charges	378.42
Nov 15, 2023	IDA-63820	Int Charges	31,744.10
Nov 15, 2023	IDA-63820	Int Charges	31,744.10
May 15, 2021	IDA-63820	Int Charges	433.39
May 15, 2021	IDA-63820	Int Charges	433.39
May 15, 2021	IDA-63820	Int Charges	18,559.22
May 15, 2021	IDA-63820	Int Charges	18,559.22
Nov 15, 2020	IDA-63820	Int Charges	1,315.79
Nov 15, 2020	IDA-63820	Int Charges	1,315.79
Nov 15, 2020	IDA-63820	Int Charges	15,997.41
Nov 15, 2020	IDA-63820	Int Charges	15,997.41
Nov 15, 2021	IDA-63820	Int Charges	18,256.28
Nov 15, 2021	IDA-63820	Int Charges	18,256.28
May 15, 2022	IDA-63820	Int Charges	275.78
May 15, 2022	IDA-63820	Int Charges	17,016.84
May 15, 2022	IDA-63820	Int Charges	17,016.84
May 15, 2022	IDA-63820	Int Charges	275.78
Nov 15, 2021	IDA-63820	Int Charges	132.70
Nov 15, 2021	IDA-63820	Int Charges	132.70
Jun 27, 2019	IDA-63820	Loan Disb	734,968.10
Jun 25, 2019	IDA-63820	Loan Disb	676,074.00
Sep 4, 2019	IDA-63820	Loan Disb	753,913.90
Nov 15, 2019	IDA-63820	Int Charges	5,152.63
Apr 6, 2020	IDA-63820	Loan Disb	1,599,528.80
Dec 12, 2019	IDA-63820	Loan Disb	370,631.80
Nov 15, 2019	IDA-63820	Int Charges	5,152.63
May 29, 2020	IDA-63820	Int Charges	5.02
May 29, 2020	IDA-63820	Int Charges	5.02
May 29, 2020	IDA-63820	Int Charges	9,271.36
May 29, 2020	IDA-63820	Int Charges	9,271.36
Oct 16, 2020	IDA-63820	Loan Disb	639,752.20
Mar 29, 2019	IDA-63820	Loan Commitment	20,000,000.00
May 3, 2024	IDA-63820	Loan Disb	783,742.25
May 15, 2024	IDA-63820	Int Charges	38,250.37
May 15, 2024	IDA-63820	Int Charges	1,475.85
May 15, 2024	IDA-63820	Int Charges	1,475.85
May 15, 2024	IDA-63820	Int Charges	38,250.37
Mar 28, 2024	IDA-63820	Loan Disb	2,921,534.20
Nov 15, 2022	IDA-63820	Int Charges	16,195.63
Nov 15, 2022	IDA-63820	Int Charges	16,195.63
Nov 15, 2022	IDA-63820	Int Charges	630.99
Nov 15, 2022	IDA-63820	Int Charges	630.99
Sep 28, 2022	IDA-63820	Loan Disb	2,669,398.50
May 10, 2023	IDA-63820	Loan Disb	1,142,011.50
Sep 15, 2023	IDA-63820	Loan Disb	678,726.56

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2024-12-20
Financial Management	Satisfactory	2024-12-20
Monitoring and Evaluation	Satisfactory	2024-12-20
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-12-20
Procurement	Moderately Satisfactory	2024-12-20
Project Management	Satisfactory	2024-12-20

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Legal and regulatory acts for the O&G sector prepared under the project and submitted to the National Assembly Value 0.00 2.00 5.00
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
EITI reports published and made publicly available, in accordance with internationally recognized transparency standards Value 0.00 2.00 5.00
Date January 10, 2019 June 15, 2023 June 30, 2025
Comment
Results of SESA publicly disclosed by the Government Value No No Yes
Date January 10, 2019 June 15, 2023 June 30, 2025
Comment
Annual report of the Natural Resource Fund laid before the National Assembly by the MOF Value 0.00 0.00 0.00
Date January 10, 2019 June 15, 2023 June 15, 2023
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Draft legal acts and regulations for the O&G sector finalized Value 0.00 2.00 5.00
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
Staff trained on petroleum data management Value 0.00 16.00 5.00
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
Enterprise Architecture designed Value No No No
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
Communications strategy on O&G sector issues implemented Value 0.00 0.00 1.00
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
Instrumental advisors recruited to support critical technical needs at key institutions with responsibility for O&G sector Value 0.00 29.00 30.00
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
MOF capacity to support Natural Resource Fund implementation enhanced Value 0.00 0.00 0.00
Date January 21, 2019 June 15, 2023 June 30, 2025
Comment
Stakeholder consultations conducted on new legislation/regulations for O&G sector Value 0.00 1.00 5.00
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
Number of females in management and leadership positions at key institutions with responsibility for O&G increased Value 4.00 7.00 8.00
Date January 8, 2019 June 15, 2023 June 30, 2025
Comment
Environmental Protection Agency's capacity to regulate and monitor the O&G sector enhanced Value 0.00 9.00 7.00
Date January 21, 2019 June 15, 2023 June 30, 2025
Comment

Legal and regulatory acts for the O&G sector prepared under the project and submitted to the National Assembly	Value	0.00	2.00	5.00
	Date	January 8, 2019	June 15, 2023	June 30, 2025
	Comment

Enterprise Architecture designed	Value	No	No	No
	Date	January 8, 2019	June 15, 2023	June 30, 2025
	Comment

Number of females in management and leadership positions at key institutions with responsibility for O&G increased	Value	4.00	7.00	8.00
	Date	January 8, 2019	June 15, 2023	June 30, 2025
	Comment

Guyana Petroleum Resources Governance and Management Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS