Over 350 companies have been issued with Local Content Certificates to operate in Guyana’s oil and gas sector, the Local Content Secretariat has disclosed.

The Secretariat indicated that based on preliminary assessments, local content earnings for 2022 have already surpassed G$129 Billion.

A Local Content Certificate issued to a Guyanese national or Guyanese company paves way for that person or company to receive preferential treatment in the award of contracts by the oil companies and their sub-contractors.

According to the Local Content Secretariat, oil companies and their sub-contractors are more incentivized to utilize vendors that are approved by the Secretariat.

“Internal assessments show that Guyanese companies supply goods and services across 37 of the 40 areas ringfenced for nationals in the First Schedule of the historic and innovative Local Content Act,” the Local Content Secretariat reported.

These include in the areas of accommodation, surveying, pipe and blasting and coating – onshore, structural fabrication, storage services, catering, janitorial and cleaning services, food supply, administrative support and facilities management services, ship and rig chandlery and immigration support services. Certified Guyanese companies are published in the Local Content Register.

Director of the Local Content Secretariat, Martin Pertab was quoted in the release as stating that the Secretariat is actively working with contractors, sub-contractors, licensees and Guyanese suppliers to ensure that the provisions of the Act are enforced.

He said local content gives Guyanese businesses a fair opportunity to directly tap into and benefit from Guyana’s multi-billion-dollar petroleum sector.

“The Local Content Secretariat – and by extension the Ministry of Natural Resources – will continue to engage with all stakeholders in ensuring that the objectives of the Local Content Act are attained as we seek to create a prosperous Guyana for all,” the Secretariat said.

The Local Content Secretariat is currently in a Court battle with the the largest logistics company in the country, RAMPS Logistics over the non-issuance of a Local Content Certificate to the company.

The company was initially denied, but submitted a second application after making adjustments to its application.

After months of not hearing anything from the Local Content Secretariat, the company moved to the Courts to seek redress on the issue.

The Chairman of the company was quoted in a Trinidadian newspaper as stating that there are dark forces in Guyana’s private sector that appear against the company.

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RAMPS Logistics issued with Local Content Certificate in keeping with Court order Chief Justice to hear Ramps Logistics case against Government over Local Content Certificate next month RAMPS Logistics resubmits application for local content certificate RAMPS Logistics denied Local Content certificate to operate in Guyana O&G sector