READ: Specific sectors for Guyana, local companies under proposed Local Content Law

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Under proposed Local Content Legislation, which seeks to prioritise the involvement of Guyanese and local companies in the nascent petroleum sector, the following schedule sets out targets to be implemented by the end of 2022. The proposed bill, however, proposes that the Minister of Natural Resources may waive the requirements if Guyanese nationals or companies cannot fulfil the demands of contractors.

Sectors and Sub-sector for Guyanese Businesses End of 2022
1.      Rental of Office Space 90%
2.      Accommodation Services (apartments and houses) 90%
3.      Equipment Rental (crane and other heavy-duty machinery) 50%
4.      Surveying 75%
5.      Pipe Welding – onshore 25%
6.      Pipe Sand Blasting and Coating – onshore 30%
7.      Construction Work for Buildings – onshore 50%
8.      Structural Fabrication (cutting, bending, and assembling of steel products) – onshore 30%
9.      Waste Management (disposal, and waste transport services) – Non-hazardous Waste 75%
10.  Waste Management (disposal, and waste transport services) – Hazardous waste 25%
11.  Storage Services (warehousing) 60%
12.  Janitorial and Laundry Services 90%
13.  Catering Services 90%
14.  Food Supply 75%
15.  Administrative Support and Facilities Management Services 75%
16.  Immigration Support Services 100%
17.  Work Permit, Visa Applications, Visa on Arrival, and In-Water Activity Permit 100%
18.  Lay Down Yard Facility 90%
19.  Customs Brokerage Services 100%
20.  Export Packaging/Crating, Preservation, and Inspection 50%
21.  Pest Control Exterminator Services 95%
22.  Cargo Management/Monitoring 75%
23.  Ship & Rig Chandlery Services 25%
24.  Borehole Testing Services 20%
25.  Environmental Services and Studies 25%
26.  Transportation Services  
    1. Trucking
75%
    1. Ground Transportation – movement of personnel
100%
27.  Metrology Services 10%
28.  Ventilation (private, commercial, industrial) 70%
29.  Industrial Cleaning Services – onshore 75%
30.  Security Services 95%
31.  ICT – network installation, support services 20%
32.  Manpower and Crewing Services 50%
33.  Dredging Services 10%
34.  Local Insurance Services 90%
35.  Accounting Services 20%
36.  Local Legal Services 90%
37.  Medical Services 25%
38.  Aviation Support Services 20%
39.  Engineering and Machining 5%
40.  Local Marketing and Advertising Services (public relations) 75%

 

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