Local port operator Muneshwers Limited is developing a modern port facility at Houston, East Bank Demerara in a multi-billion dollar investment as the company aims to capitalise on Guyana’s developing oil and gas industry.
“Essentially, what we want to be is a one-stop shop for the supply vessel. When the vessel comes from the rig and it comes here, it must be able to satisfy all its needs, get its pipes, its fuel, its oil, its water, the powder plant, the mud plant, you know they come here, they get everything done and they go back,” Robin Muneshwer, the company’s Country Manager told Stabroek News during a tour of the facility yesterday. “That could be the holy grail for us in terms of the oil industry support,” he said.
Muneshwers purchased the 28-acre property from timber company, Caribbean Resources Limited in 2014 for US$20 million. Since then, it has spent approximately US$10 million to develop the property and aims to become operational in July. Phase Two will see further investment as only a