Monday, February 6, 2023

The oil belongs to the people; we’re committed to ensuring they benefit from it – Routledge

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ExxonMobil is the latest in over 20 oil and gas companies operating in Guyana to have their five-year Local Content master plans approved by the regulator.

Exxon, Saipem Guyana Inc., and Gulf Engineering Services Guyana Limited got their approvals this week.

The plans detail how the companies will execute procurement and hiring in keeping with the government’s new Local Content Act.

Speaking on behalf of ExxonMobil Guyana, President Alistair Routledge commented, “The resource we are producing belongs to the people of Guyana and we are committed to ensuring that they benefit from it. Today’s event was another step in that direction since we believe that growing local content across the oil and gas sector can increase social and economic benefits for Guyanese in the short and long term.”

Just before the signing, ExxonMobil announced two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek Block offshore Guyana, adding to its extensive portfolio of development opportunities.

Meanwhile, the Director of Gulf, Jodel Gopeesingh, stated that his company remains eager to foster and grow the capacity of Guyanese nationals for the oil and gas sector.

“We believe that optimising local content in our activities is one of the key elements to the success of the business and the operational goals of Gulf Engineering Services (Guyana) Inc. Our interest, at all times, has been to satisfy the needs and values of the Guyanese market, where we are able to add and create in the Guyanese economy by utilising the local human, natural resources and suppliers in the services we render to industry,” Gopeesingh explained.

11 companies had their plans approved last week. Prior to this, the first set of master plans were approved in September. Leading the pack was SBM Offshore.

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