― Dr. Martin Pertab reflects on progress and the road ahead
By Clestine Juan
Guyana’s Local Content Secretariat (LCS) has spent the past few years proving that smart regulation, relentless engagement, and disciplined data tracking can convert the country’s oil boom into a broad-based opportunity. Dr. Martin Pertab—the former Director of the LCS, the agency charged with implementing and enforcing Guyana’s Local Content Act—is candid about both the scoreboard to date and the priorities that must endure.
“We are informed by the numbers and guided by constant engagement. Everything we do is to ensure Guyanese benefit, and to do so in a sustainable, competitive way,” he said during an exclusive interview with Energy Magazine.
The Numbers Tell the Story
Dr. Pertab noted that, as of June 2025, local companies secured procurement contracts in 40 carved-out sectors, valued at approximately USD352 million, which is 11.5% higher than the same point in 2024. Operators projected local spending of USD526 million for the year.
By mid-year, the system had already delivered 65% of that projection, and by Pertab’s reckoning, “around 67% of the projected procurement opportunities” had reached Guyanese suppliers. Spending on training is also on an upward trajectory. Click here to read more.
