22 C
Georgetown
Monday, April 12, 2021

New oilfield services company launched in Guyana

Must Read

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic...

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country,...

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

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.

1 COMMENT

OilNOW TV

Latest News

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country,...

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a...

Total, CNOOC enter agreements with Uganda and Tanzania for $3.5 billion pipeline

(Reuters) -Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline...

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and...

Exxon’s Greater Guyana Initiative brings Zoom Rooms project to University of Guyana

The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning...

More Articles Like This