CNOOC, Tullow, SBM Offshore among 13 more with approved Local Content Plans

Must Read

OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

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.

Minister of Natural Resources Vickram Bharrat hands over the signed Letter of Approval to SLB’s Managing Director, Sharlene Seegoolam. They are joined in the background by the Director of the Local Content Secretariat Dr. Martin Pertab and the ministry’s Legal Officer Michael Munroe.
Minister of Natural Resources Vickram Bharrat hands over the signed Letter of Approval to Noble Drilling’s Local Content Manager Renatha Khan – Bovell. They are joined in the background by the Director of the Local Content Secretariat Dr. Martin Pertab and the ministry’s Legal Officer Michael Munroe.
- ADVERTISEMENT -
spot_img

Partnered Events

Latest News

Women in Energy Guyana to champion inclusion at landmark forum this Saturday

Women in Energy Guyana is set to host the groundbreaking "Championing Women in the Energy Sector: Creating Pathways Guyana...

More Articles Like This