The Energy Industries Council (EIC) in collaboration with Aberdeen International Associates (AIA) has fielded a trade mission that arrived in Guyana on April 18. It runs up to April 21. This trade mission aims to facilitate engagement with key stakeholders in the oil and gas industry in Guyana, an emerging market in the energy sector.
The EIC is one of the world’s largest energy trade associations for companies that supply goods and services to the energy industries worldwide. It represents over 650 member companies across the energy supply chain, from major international contractors to small technical consultancies. The Council has a long-standing history of helping its members to understand global markets, identify opportunities, and develop business strategies. With this trade mission, the EIC seeks to provide its members with an understanding of the energy market in Guyana, which has been attracting significant interest since ExxonMobil discovered more than 11 billion oil-equivalent barrels offshore.
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AIA is a Business/Trade and Economic Development Consultancy that offers a range of event management services based on business capture. AIA has worked on projects involving multiple sectors with a current focus on energy, technology, and food and drink. The collaboration between EIC and AIA is expected to provide an platform for the delegation to meet with key stakeholders across the energy sector, including leading oil companies and contractors, and to identify opportunities for partnership with local companies and/or prospective clients.
Newly elected President of the Georgetown Chamber of Commerce and Industry (GCCI), Kester Hutson said this visit is a renewal of the relationship between the groups, as this is the second such mission, only constituted by different companies.
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The eight companies represented are Shipham Valves, Swagelok, Airswift, Maritime Developments, COLI Shipping & Transport Brazil Ltd., Oceanica, Locar and Polar Components Group.
The trade mission includes a business networking session scheduled for Thursday, April 20, 2023, at the Georgetown Chamber of Commerce and Industry’s office in Georgetown. It presents an opportunity for companies to explore potential partnerships with local companies. Guyana’s oil boom and the wider economic growth have attracted interest across all sectors. The government has assured Guyanese companies will receive significant benefit from foreign investment, especially with respect to oil and gas, by promoting foreign/local joint ventures in Guyana’s Local Content legislation.
