Guyana’s Ministry of Natural Resources announced on May 29 the approval of thirteen additional Local Content Annual Plans for the reporting year 2023. Approved plans detail the utilisation of Guyanese goods and services for the year in question.
Vickram Bharrat, Minister of Natural Resources, alongside Dr. Martin Pertab, Director of the Local Content Secretariat, and Michael Munroe, the ministry’s Legal Officer, signed the Letters of Approval for the companies at the ministry’s Kingston office on May 24. The approved companies are Bourbon Guyana Incorporated, CNOOC Petroleum Guyana Limited, Guyana Deepwater Operations (SBM Offshore), Guyana Shore Base Incorporated, Noble Drilling Guyana Incorporated, SLB Guyana, Stena Carron Drilling Limited, Tenaris Guyana Incorporated, Tullow Guyana B.V., Weatherford Trinidad Limited (Guyana), Tiger Rental, Sustainable Energy Solutions, and OEG Energy Inc.
OilNOW understands that SBM Offshore also received its Certificate of Compliance, which is indicative of its adherence to its previous local content annual plan.
According to the Local Content Act, contractors, sub-contractors, and licensees operating in Guyana’s petroleum sector must submit a Local Content Annual Plan, detailing their procurement, employment, and capacity development plans for the reporting year. Earlier this month, the ministry approved the annual plans of five major contractors operating in Guyana, including ExxonMobil Guyana, the operator of the Stabroek Block.
