With approximately US$200 million already invested to meet the needs of the expanding oil and gas sector, Guyana Shore Base Incorporated (GYSBI) is seeking to plug an additional US$250 million to further develop its capacity.
GYSBI is a consortium comprising Muneshwer’s Limited, TOTALTEC Oilfield Services, Pacific Rim Constructors, and LED Offshore. Its current Houston, East Bank Demerara 30-acre property, where operations began in 2017, was purchased from timber company Caribbean Resources Limited in 2014, for US$20 million.
In a 2019 interview with Stabroek News, GYSBI Partner and Executive Director Robin Muneshwer had pointed to an increase from a two to a four-berth facility that would operate on a 24-hour basis at the Houston waterfront property, and it had formed part of a US$100 million planned second phase of expansion.