Industry Events - Caribbean Oil & Gas Summit

Interregional Collaboration For Oil and Gas Development

CARIVS aims to become one of the largest meeting places for international stakeholders to meet and collaborate with the local partners and capitalise on numerous business opportunities in the region’s untapped oil & gas sector.

Reinforcing Collaboration For Sustainable Oil & Gas Development In The Caribbean

Delivered in a completely digital format, the Inaugural Caribbean Oil & Gas Summit was a huge success and set a benchmark for both regional & global Oil & Gas industry. With 1400+ registered attendees from 300+ companies, CARIVS 2020 was successful at providing the best networking and business development opportunities to all the participants besides placing the Caribbean region’s rich Oil & Gas potential at the centre of the global discourse. Following the tremendous success and positive feedback for its inaugural edition, the 2nd Edition of the Caribbean Oil & Gas Summit will take place from 15 to 16 March 2022 as a virtual event, where participants will be provided with multiple opportunities to convene and identify numerous business avenues in the Caribbean region’s high-potential oil & gas sector.

CARIVS 2022 will focus on enabling an exclusive interregional collaborative platform for the entire oil & gas value chain including regional ministries, IOCs, NOCs, investment houses and other industry stakeholders to advance the local content development efforts in the Caribbean region. The event programme will focus on key policies & strategies, business prospects available in the region, enhancing interregional collaborations for sustainable growth and most importantly the local content development in the region.

As the Caribbean region’s energy sector is gaining prominence among the global oil & gas stakeholders and is anticipated to be the world’s next leading oil & gas jurisdiction. CARIVS 2022 will set the stage for the regional and global players to come together and share experiences & industry best practices, debate over prevalent issues & find solutions and establish a common ground to promote cooperation between IOCs with regional industry stakeholders.

WHY ATTEND?

➤ Explore

New Products & Latest Technologies From A Number Of Brands Through Immersive Exhibition Floor.

➤ Access

The Regional Market, Meet With Local Players From The Industry In One Place And Gain Hold Of The Regional Market.

➤ Network

With Key Industry Stakeholders From Across The Globe And Create New Alliances.

➤ Showcase

Your Brand In Front Of A Qualified Audience And Global Media To Boost Your Brand Awareness.

➤ Learn

More With Sessions From Acclaimed Speakers And World-class Oil & Gas Industry Leaders.

Key Themes & Topics

What to expect at CARIVS 2022?

Exhibition

Featuring an immersive virtual exhibition floor, CARIVS 2022 will bring together leading IOCs, NOCs, equipment and service providers from across the globe to showcase their products, services & solutions in front of a global audience and gain maximum brand exposure through distinctive virtual exhibition stalls. CARIVS 2022 will attract participants from across the world, thereby allowing exhibitors to promote their brand in front of a wider audience, gauge instant market reaction and form valuable business alliances.

Exhibitors can interact with prospects through integrated chat & video conferencing and exchange virtual business cards, brochures, etc. Participants will also be able to interact with international clients, conduct business with the potential buyers in a cost-effective way and consolidate their brand position in front of regional and global oil & gas players.

Book a stand

Conference

The high-calibre content-driven conference at CARIVS 2022 will bring together the oil & gas sector in its entirety including policymakers, investors, business leaders, etc to exchange key ideas & deep industry insights, create collaboration opportunities to promote local content development and discuss the way forward for the sustainable oil & gas industry in the Caribbean.

The virtual conference will highlight leading innovations, latest trends and exploration techniques that are set to revolutionise the Caribbean oil & gas sector. CARIVS 2022 will be an excellent knowledge-sharing platform featuring keynote speeches, expert panel discussions, ministerial forums and Q&A sessions which can also be downloaded as per convenience.

Register as delegate

Learning Outcomes

Caribbean Market Snapshot

Following a number of successive oil & gas discoveries across the region, the Caribbean has gained prominence on the global hydrocarbon map and can be foreseen as the next major oil & gas producing region in the world in coming years. With the rapid developments and expedited activities in the region’s oil and gas sector, many Caribbean nations have garnered the interest from some of the world’s largest oil & gas companies seeking to capitalise the untapped market potential and the huge business opportunities available in the region’s upstream, midstream and downstream value chain.

The Caribbean region was earlier characterised as consisting of small fragmented economies driven by tourism, offshore financial services, commodity-based agriculture, with limited opportunities for mineral extraction. However, this has started to change rapidly, making the Caribbean region globally significant as a major source of hydrocarbons in the western hemisphere. Many Caribbean nations like Guyana, Trinidad & Tobago, Suriname, Jamaica, Barbados, etc are going through transition in constituting the World’s next major oil & gas hotspot.

The Caribbean region has become a centre of global dialogue since the first major oil discovery offshore Guyana in 2015 and there has been a constant rise in the number of discoveries ever since. Guyana so far has announced 20 commercial oil discoveries and possesses an estimate of over 9 billion barrels of recoverable light crude oil, thereby gaining prominence on the global Oil & Gas map. Suriname on the other side is on its journey to become another oil & gas province in the region with 6 high-potential Oil & Gas discoveries made so far. Moreover, recent discoveries in the Guyana-Suriname basin alone attest to estimates of over 18 Bbbl of oil resources and more than 30 Tcf of gas.

Another oil-rich Caribbean nation, Trinidad & Tobago has prospective oil reserves of 200 million barrels and natural gas deposits totalling 11trn standard cu feet (scf), presenting numerous business opportunities in country rich energy potential. Also, the small island nation of Barbados produces both crude oil and natural gas and holds more than 1.98 million barrels of proven oil reserves and produces more than 1K barrels of crude oil per day. Moreover, An independent evaluation of Prospective Resources offshore Jamaica prepared by Gaffney Cline & Associates (Gaffney Cline) show that there is potential for more than 2.4 billion barrels of oil equivalent across 11 prospects and leads covering the Walton Morant licence granted to a UK based company, United Oil & Gas in 2020 by the Jamaican Government.

The governments of the Caribbean region are striving hard to advance their local content and position their oil & gas potential at the forefront in light of the huge oil reserves. Many foreign companies have started to invest in exploration and are investing billions of dollars to unlock the incredible opportunities available in the region's ever-expanding oil & gas sector.

Caribbean Oil & Gas Summit - CARIVS 2022

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