U.S. Ambassador to Guyana Nicole Theriot is urging updates to the country’s procurement system while advising investors to visit in person before committing to the market.
Speaking on the latest Energy Perspectives podcast episode, the Ambassador said clarity in rules and processes remains a key consideration for companies looking to enter Guyana.
“I think Guyana could do itself a huge favor not just for U.S. companies but for all international companies if they looked at modernizing the tender process,” she said.
The Ambassador pointed to specific areas that could improve confidence among investors.
“Things like online submission of digital documents or having oversight contracts for every single major public works contract, those things would give us and international companies a peace of mind so that they know when they’re dealing with Guyana, they know exactly what the requirements are, what they need to do, and how it’s going to work,” she explained.
The comments come as interest in Guyana grows across sectors linked to the country’s expanding oil and gas industry.
Theriot said some companies remain hesitant, particularly those unfamiliar with the market, and stressed the need for direct engagement.
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“You have to come here. You can’t do a webinar or have a phone call. You have to see it for yourself,” she said.
She said the U.S. Embassy and Department of Commerce provide support to companies seeking to understand the market and identify partners.
“They do incredible work and their job is literally to help you understand the market here, understand the parameters, the pros and the cons, of course and then also to do that wonderful matchmaking that’s so important to success here in Guyana,” she said.
Theriot said investors should take time to build relationships and adjust expectations to local conditions, noting, “you have to be patient.”
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