ExxonMobil Guyana’s 2023 Local Content plan approved


ExxonMobil Guyana was on Monday given approval of its 2023 plan, with the government also giving the company a certificate for complying with its local content plan last year.

In a press release, the company claimed that along with its contractors, $180 billion was spent in Guyana last year, owing to business with 1, 500 Guyanese companies.

The 2023 Plan, the company said describes it intends to execute projects and implement systems to promote the development of local content this year.

“ExxonMobil Guyana’s evolving strategic plan for operational growth includes balancing meeting the needs of the business while developing Guyanese content in a phased approach.

“It is assessed annually to ensure objectives are met in a sustainable and systematic manner,” the company said in a statement.

Since the discovery of oil in 2015, ExxonMobil Guyana said the sums expended last year were part of the more than $18 billion (US$900 million) spent with locals.

“By the end of 2022, the company and contractors had employed over 5,000 Guyanese workers, representing more than 65 percent of the overall workforce in the local oil and gas industry.

“Notably, the numbers of Guyanese working offshore continued to grow.

“Among the 2,700 personnel committed to supporting ExxonMobil Guyana’s operations, over 1,300 were Guyanese, constituting approximately 48 percent of the offshore workforce,” ExxonMobil Guyana stated.

It said these numbers will continue to increase as more projects come onstream, “providing opportunities for businesses and individuals alike.”

“We believe that the true measure of our success lies not only in the barrels produced but also in the positive impact we create for our people and the communities in which we operate,” Alistair Routledge, president of ExxonMobil Guyana, is quoted in the release saying.

“By prioritising local talent, partnerships, and investments, we aim to cultivate a thriving and sustainable environment that benefits everyone,” he added.



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