ExxonMobil oil exploration served up 1,700 Guyanese jobs, GYD$36 billion to local businesses

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana.

Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX 2019) at the Marriott Hotel in Georgetown, ExxonMobil’s Senior Vice President of Upstream Oil & Gas Company, Hunter Farris said so far more than 1,700 Guyanese or 50 percent of the 3,400 people in Guyana have worked in his company’s exploration and project activities directly.

“Since 2017, we’ve more than tripled our local workforce and we are continuing to build,” Mr. Farris said.

He added that ExxonMobil has been responsible for pumping GYD$36 billion (US$180 million) into the Guyanese economy through hundreds of businesses. “We also rely on the Guyanese supplier community, more than 600 vendors and suppliers with more than 36 billion Guyana dollars, or 180 million US dollars, in spending and counting,” he said.

The ExxonMobil Vice President said people are being trained “right now” in Singapore, Canada and the United States, and there are others “who are already contributing to our work that we have going in Guyana.”

Head of the Ministry of the Presidency’s Department of the Environment, Dr. Mark Bynoe, in his address to the GIPEX 2019 opening, said government was aiming to have a “contextually relevant and appropriate local content policy”. “As a Department, we seek to encourage increased local content and job opportunities that will allow our people to participate fully in accessing good quality jobs. We seek for partnerships and not just associations of convenience,” he said.

The Energy Department Chief said the Guyana government was also drafting a new product sharing contract template; completing two-dimensional (2D) and three-dimensional (3D) seismic surveys for better decision making with regards to remaining blocks and unallocated areas offshore; completing a Natural Resource Fund framework, completing the National Oil Spill Contingency Plan, and building the capacity at all levels along the value chain.

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