Friday, May 20, 2022

Guyana’s Local Content Registry up and running

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As required by Guyana’s Local Content Act, the Local Content Registry became operationalised on Tuesday afternoon. This portal compiles a list of suppliers from which goods and services may be procured, or as an individual seeking employment within the oil and gas industry.

Using the Supplier Registration Portal, a Guyanese national or Guyanese company shall apply and be issued with a Certificate of Registration from the Secretariat for the supply of goods and or the provision of services for petroleum operations in Guyana.

“The Ministry of Natural Resources has achieved a significant milestone towards the operationalisation of its local content secretariat. It’s important to note that only those registered with the secretariat will be considered as local content,” a source from the Ministry of Natural Resources told OilNOW.

Once an application is submitted and received, the Local Content Secretariat will issue an Acknowledgement of Receipt along with a Reference Number for the Application and the review process will be initiated.

After conducting the necessary checks and balances, the Secretariat will either approve the application and issue a Certificate of Registration or refuse the application and notify the applicant.

The holder of a Certificate of Registration from the Local Content Secretariat has satisfied the requirements stipulated in the Local Content Act as a Guyanese National and/or Company for the Provision of goods and services or employment within the Petroleum Sector.

Once an application is approved and a Certificate of Registration granted, the applicant will be issued with log-in credentials to gain access to either the Supplier Registration Portal or the Employment Portal.

Through the respective portals, the Secretariat will communicate available procurement opportunities to registered Guyanese suppliers and available employment opportunities to registered Guyanese seeking employment.

“The Act serves to provide for the implementation of local content obligations on persons engaged in petroleum operations or related activities in the petroleum sector; prioritizes Guyanese nationals and Guyanese companies in the procurement of goods and services and enables local capacity development,” the official said.

The First Schedule of the Act carves out 40 different services for Guyanese participation via the supply of goods and the provision of services which include: food supply, rental of office space, accommodation, insurance, accounting and legal services.

The Local Content Act was assented to by President Mohamed Irfaan Ali in December last.

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