The Ministry of Natural Resources has issued a stern reminder to Contractors, Subcontractors, and Licensees in the oil and gas sector about their obligations under the Local Content Act. Companies failing to prioritize hiring and training qualified Guyanese nationals risk losing their Local Content Certification.
Strict enforcement of local content law crucial for Guyana’s Success – Nestoil CEO | OilNOW
The Local Content Secretariat emphasized the need for companies to prioritize Guyanese nationals with the relevant qualifications and experience. “Contractors, Subcontractors, and Licensees are required to ensure that Guyanese nationals employed to support their operations continuously benefit from training and capacity development,” the Ministry stated.
To ensure compliance, the Secretariat announced it will conduct audits, requiring companies to provide evidence of offering Guyanese nationals opportunities for new and vacant positions. Companies must ensure equal benefits for Guyanese and non-Guyanese applicants and address experience gaps through training and mentorship.
Local content regulator eyes doubling bid advantage for Guyanese companies | OilNOW
Failure to comply with the Act’s requirements will render companies non-compliant, jeopardizing their Local Content Certificate of Compliance and other related approvals.
