  100m grant aimed at improving ug s oil and gas programmes  100m grant aimed at improving ug s oil and gas programmes 100m grant aimed at improving ug s oil and gas programmes webmaster mon 10302017 721 the ministry of natural resources the geology and mines commission ggmc and the university of guyana ug have signed a memorandum of understanding mou for a 100 million philanthropic education grant for the year 20172018 the grant will provide the university of guyana s faculty of technology with muchneeded equipment for its geology labs curriculum development training outreach and field research all linked to the emerging oil and gas sector it also provides specific allocations for all other faculties for studentcentered enhancements at the university the government disclosed in a statement of the total amount 55m will be used for equipment and supplies to the faculty of technology s laboratories all of which will be pursued by the ggmc some 15m will be used for scholarships and training while 16m will go towards the improvements of classrooms and teaching facilities at the faculty of health earth and natural sciences humanities and social science and agriculture at the turkeyen and tain campuses and idce the sum of 7m will go towards supporting the school for entrepreneurship and business innovation programme with emphasis on the natural resources sector and 7m to support research curriculum review and development process marketing media and stakeholder consultations minister of natural resources raphael trotman who handed over the first tranche of the funds 45m to vice chancellor prof ivelaw griffith at the university of guyana turkeyen campus said that the government views the initiative as an investment in education and youth development the minister also noted the timeliness of the projects adding that it is significant as it represents a renewed and enhanced relationship with the ministry and ggmc with the university of guyana even as the oil and gas sector develops further minister trotman stated that research is also needed in the gold and diamond mining sectors as they will not be neglected in the period post2020 when oil production begins professor griffith explained that this is one of the university s most significant grants which has been negotiated over the last year with the ggmc griffith said that it is an investment by the government in the institution in an area critical to the nation s economy meanwhile ggmc commissioner newell dennison said that ggmc has a longstanding relationship with the university he highlighted the fact that many of the commission s staff through scholarships have received their higher education at the institution article adapted from  https wwwkaieteurnewsonlinecom 20171024100mgrantaimedatimprovingugsoilandgasprogr  mou ministry of natural resources geology and mines commission oil gas 