Preparing Guyanese Companies for Oil Sector Contracts

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By Shikema Dey

Securing work in Guyana’s oil and gas sector requires more than local ownership or years of business experience. Companies must demonstrate that they have the people, qualifications, systems, and controls needed to perform the work.

That evidence is often examined before a contract begins. And it can also be tested through audits, site visits, and performance assessments while work gets underway.

Program Lead at the Centre for Local Business Development, Ron Glasgow

The Centre for Local Business Development (CLBD) has spent nine years helping Guyanese companies understand these requirements. Its mentorship programs guide businesses through legal compliance, technical development, documentation, performance monitoring, and continuous improvement.

Ron Glasgow, Program Lead at the Centre, told Energy Magazine that the requirements vary according to the service being offered. But suppliers are generally expected to demonstrate that they can identify risks and manage them effectively.

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