Monday, October 2, 2023

New oilfield services company launched in Guyana

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A new Oilfield Services company was on Wednesday afternoon launched in Georgetown Guyana, through a partnership between locally owned Mines Services Limited, TOTALTEC and Trinidadian Process Components Limited.

The company, Jaguar Oilfield Services Guyana, Inc. will be providing products and services to onshore and offshore activities in the local emerging oil and gas industry.

It is managed by Jim Steven who served in the engineering and the oil and gas sector for several decades in Asia, Africa and the Middle East.

Speaking at the launch at the company’s office at Providence on the East Bank of Demerara, Managing Director of the Farfan and Mendes Group of Companies, Mr. Andrew Mendes expressed confidence that the partners in this major company will be able to deliver high standard services.

“Standards benefit everyone,” he told those gathered.

While much has been reported about the industry and the need to ensure that companies use local content, the businessman pointed out that managers have the responsibility to invest in capacity building to be a part of the emerging industry.

“Failure to do this in a proactive way will preclude us from being part of the supply chain, regardless of any local content policy,” he said.

Jaguar Oilfield Services Guyana, Inc. was formed in 2017. Mendes said ever since, the company has been working to develop its capacity and has invested heavily in training of employees.

Process Components Limited or ProCom, is an operational partner in this new venture. Out of the oil producing nation of Trinidad and Tobago, the company already has a number of certification and also provides a range of services.

With 36 years of experience, Chief Executive Officer, Mark Laughlin said the company willingly seized the opportunity to enter “this new and exciting market” and has trained several Guyanese at its facilities in Trinidad. “Further training will be provided in November. This training will be geared towards the testing and certification aspect of the business,” he disclosed.

Providing technical and commercial advice is TOTALTEC –a Petroleum and Maritime Academy launched in February, 2018.

Lars Mangal, Chair of TOTALTEC noted that the joint undertaking fast-tracks participation in the emerging industry. “Part of the vision is also to create a world class facility for international companies looking to start operations in Guyana,” he said.

The venture was lauded by Business Minister, Dominic Gaskin who expressed his support for the business community. He expressed confidence in the private sector in pushing the industry forward.

“I see this move as a way of building local capacity…I do have tremendous confidence in the Guyanese private sector…to find a way to take advantage of the oil and gas sector,” he told those gathered.

While many local businesses are complaining, the Minister said there are many others like Farfan and Mendes which is making an effort in “getting a piece of the action,” ahead of oil production.

Jaguar Oilfield Services Guyana, Inc. offers various rigging equipment and services including inspection of general lifting equipment and calibration of pressure gauges and relief valves.

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