Wednesday, September 27, 2023

Guyana Shore Base eyeing expansion to double its capacity

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Guyanese majority owned Guyana Shore Base Inc. (GYSBI) will double its capacity in phase 2 of its expansion programme which will see the facility’s usable area and wharfage increasing by over 100%.

Under its Phase 2 Expansion Programme, GYSBI plans to increase its shore base logistics area from 35 to 85 total acres and double its capacity by 100% to facilitate vessels.

Rabindranath Muneshwer,  Executive Director, told those gathered at the Guyana Petroleum Summit held on May 9, at the Marriott Marquise in Houston, Texas, that significant resources have been spent to train and develop Guyanese at the GYSBI base.

Major investments have been made in a training academy and bringing foreign training/safety specialists for rigging, crane and forklift operations.

He pointed out that GYSBI is “one of the leaders in providing real local content in the O&G industry” with over 200 Guyanese staff and a greater than 96% Guyanese work force.

“Significant resources have been spent to train and develop Guyanese and local subcontractors have been used in the US$50 million development of the base,” he said.

Muneshwer said all the major oil field service companies have settled at or around the nucleus that is GYSBI and are all employing and training local Guyanese professionals.

GYSBI, located on the outskirts of Guyana’s capital, Georgetown, is a joint venture that was created in 2017 by four companies; LED Offshore, Muneshwers Limited, Pacific Rim Constructors and TOTALTEC Oilfield Services.

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