Guyana’s oil and gas potential continues to soar, and as a result, the SBM Offshore company has found it important to continue to ‘set up shop’ here in Guyana.
Since the commencement of its operations in Guyana, SBM Offshore has been an integral part of the country’s development in the oil and gas sector.
To further expand its operations, the multinational company officially opened its corporate office at Sheriff Street, Georgetown to better manage its operations.
President Mohamed Irfaan Ali, who delivered remarks at the opening ceremony congratulated the company for its five years of operations in Guyana.
The President urged key players in the oil and gas sector to acknowledge and understand the importance of local content as the foreign investment sector continues to grow over the next few years.
President Ali said, “Fundamentally, we have to be able to understand the immediate needs of the economy in creating sustainable options, livelihoods, and jobs and to be able to finance those needs. Don’t believe you could say ‘oh, we can put up the money and save it’. We have to, first of all, create an environment and an economy that is strong, stable and resilient. That requires investment.”
He nevertheless wished the company the “best of luck” in its future endeavours, and expressed hope that it would equip and integrate the local workforce into its business model.
Meanwhile, Minister of Natural Resources Vickram Bharrat, said that despite the pandemic, the strategic push of the government is one of the pivotal factors that allowed for the business community to thrive.
“Indeed, the last two years have been challenging years for us in Guyana, but because of the prudent management of His Excellency President Ali and his team, and also the resilience from companies like SBM and our partner ExxonMobil and others, we would have managed to establish ourselves as one of the main players in the oil and gas sector in this hemisphere,” said Minister Bharrat.
SBM Offshore, which has over 100 years of experience in the oil and gas industry, is responsible for the construction of Guyana’s Floating Production Storage and Offloading (FPSO) vessels.