Sunday, February 5, 2023

Ramps Logistics secures contract extension with Exxon following court win in Guyana

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Ramps Logistics Guyana Chief Executive Officer (CEO), Shaun Rampersad has confirmed that following his company’s receipt of a Local Content Certificate, it was able to secure an extension of its contract with ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). Rampersad said the extension is up to September 30, 2023.

The CEO said the contract extension is likely to value between US$3 million and US$5 million and pertains to inbound logistics. He said this covers vessel and cargo management, inland transportation, customs brokerage, international freight forwarding etc.

He said Exxon has also issued several Requests for Information (RFI) for logistics work. “Now that you have a lot more logistics services and providers registered with the Local Content Secretariat, Exxon wants to understand the capacity and capability of those people. We at Ramps support that 100%. We are all for building a bigger, better logistics industry in Guyana,” expressed Rampersad.

Ramps team ‘re-energised’ after stressful battle for Local Content Certificate – CEO | OilNOW

He said too that when people can compete freely and fairly, the entire Guyanese logistics industry gets strengthened.

Ramps had previously noted that the absence of the Local Content Certificate had resulted in the loss of crucial business with Schlumberger Guyana, International SOS, Baker Hughes, G-Boats, Frank’s International, and CGX Resources Inc.

Following its victory in the High Court against the Secretariat which had refused to issue the certificate, Ramps had said it will move to recoup such losses. The company’s legal team is expected to present evidence to the High Court next year in February on the damages it believes it is entitled to.

As it awaits that hearing, Ramps said it remains committed to supporting the expansion of the country’s economy.  The company said it has developed various subsidiaries and technologies over the years that will see Ramps increasing its footprint in the areas of agriculture and real estate.

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