Local suppliers in Oil and Gas Sector have earned over $140 Billion since 2015; Guyanese represent 64% of oil sector workforce – ExxonMobil

Local suppliers in Oil and Gas Sector have earned over $140 Billion since 2015; Guyanese represent 64% of oil sector workforce – ExxonMobil

Reflecting on 2022 as a good year for the oil and gas sector in Guyana, President of ExxonMobil Guyana Alistair Routledge today said investments in Guyana’s human capital is paying dividends with more than 4,400 Guyanese currently supporting the local oil and gas Industry, with local suppliers raking in more than G$140 Billion since the discovery of oil in 2015.

According to ExxonMobil President, Guyanese now represent some 64% of the industry’s workforce.

“It speaks to the early commitments that we made around things like the Centre for Local Business Development starting in 2017, working with other organisations like the TVET schools, and the ministries to ensure that people are well-trained and available and able to contribute and play an important part in developing the nation’s resource,” Mr Routledge said in a statement.

The oil giant is also collaborating with the government to develop the Guyana Technical Training College – intended to provide world-class training and certification to Guyanese workers in five main skills areas: electrical, mechanical, instrumentation and process operations as well as civil and building construction.

Routledge assured that the company’s near-term impact would be felt more in its investments.

“We will have a much bigger impact as we invest in the projects, as we build the business, through the development of local content and we’re able to give local businesses and people jobs and opportunities to grow, to develop skills and to be able to become competitive internationally,” he said.

With nine discoveries announced since the start of this year and a second project starting up in the Stabroek block offshore Guyana, Mr Routledge said it has been a rewarding year for ExxonMobil Guyana.

“We’re very fortunate to have made a true success here in Guyana. But now that we are on that path, putting it all together, continuing that success, momentum, from exploration into the development and the projects is fundamental to setting up this business for the future,” Mr Routledge said.

The Payara project, the third in the Stabroek block, is expected to start up next year, and according to Mr Routledge, it will provide further opportunities for success and development in Guyana.

“We’re drilling a number of exciting exploration wells and I look forward to the results of those, we have another major project start up with the Payara project coming before the end of the year, and of course many other projects and activities that continue to grow,” he said.

He said aside from investments made in the area of oil production, ExxonMobil Guyana takes its corporate social responsibility seriously by contributing to community projects that focus on STEM education, community building, women empowerment and environmental protection. To date, it has spent more than GUY$2 billion on social projects.

Further, together with its co-venturers, ExxonMobil will be injecting GUY$20 billion into the Greater Guyana Initiative to roll out a number of capacity-building projects in keeping with the country’s overall development objectives.

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