Oil companies, service providers establish footholds in Guyana

TechnipFMC officials at the site for its proposed facility at Houston, on the East Bank of Demerara

Since ExxonMobil’s oil discoveries offshore Guyana, a number of global oil majors and oil support companies have established their presence here, with local offices and other facilities secured through leases or acquisitions.

After its initial 2015 find and subsequent major discoveries, ExxonMobil announced plans to be here for many years and as a result it has secured itself a 50-plus year lease with the Ogle Airport Inc. for some 15 acres of non-airside land to build its local headquarters at Ogle, on the East Coast of Demerara.

Many of the company’s oil support service providers have also established their own offices and on-shore support facilities.

TechnipFMC, the United Kingdom headquartered subsea project management company, in February broke ground for its proposed facility at Houston, East Bank Demerara. The company emphasised its commitment to local content as it informed that it had been training locals overseas for employment at its operations here. The facility will initially support the second phase of the Liza project and future projects.