Monday, September 26, 2022

The main shore base behind Guyana’s massive oil discoveries has seen tremendous growth

Must Read

OilNOW
OilNOW is an online-based Information and Resource Centre

ExxonMobil’s massive oil discoveries in Guyana led to the creation of the Guyana Shore Base Inc. (GYSBI) back in 2017 to service the rapidly increasing operations offshore.

It was the brainchild of four companies – Muneshwer’s Limited, TOTALTEC Oilfield Services, Pacific Rim Constructors, and LED Offshore Limited. Starting from scratch, GYSBI secured a five-year contract with Exxon, with only eight acres of land, two berths, and just one warehouse at Houston/McDoom on Guyana’s East Bank Corridor.

But now, five years on, the company’s growth has been tremendous, and it is now considered Guyana’s premiere shore base facility.

Deepwater action pushing major shorebase developments in Guyana | OilNOW

Its Executive Director, Robin Muneshwar shared at a recent contract signing ceremony that the company now occupies 170 acres with eight warehouses in total and four berths. It also has plans to further expand.

Added to that, Muneshwar said that GYSBI started out with five employees but now, has a workforce of 616 persons – 95% of which are Guyanese.

“What we have developed at GYSBI is something we are extremely proud of. Our safety record is unparallel, we have just celebrated two years of lost time injury free. Our operational record is excellent, so it was not handed to us. We have earned it,” he shared.

Guyana has emerged as one of the world’s most exciting hotspots for offshore crude oil exploration, with estimated recoverable resources of almost 11 billion barrels of oil equivalent thus far. But this is only the beginning and according to the GYSBI Executive Director, the company is building out its capacity further.

GYSBI recently teamed up with UTC Overseas – an international freight forwarding, and cargo logistics company headquartered in Houston, Texas – to offer operators project forwarding, warehousing, distribution and shore-based services, along with air, ocean and land transportation and customs clearance services.

It also recently acquired ISO 9001:2015 certification, in recognition of its efficient work processes and will also be commissioning two heavy lift berths later this year.

spot_img

Latest News

Government to compensate property owners who will be displaced by Gas-to-Energy project – Attorney General

A government delegation led by Guyana’s Attorney General, Mohabir Anil Nandlall, on Friday met with residents of several Region...

More Articles Like This

spot_img