Three Local Fabricators to Help Build Newest Oil Platform in Guyana

• In a bid to ensure opportunities are provided to locals, three Guyanese fabricators will be producing the fixtures for the Jaguar floating production storage and offloading vessel (FPSO). The three local fabrication companies are InFab, Zeco Group of Services, and Guyana Oil and Gas Support Services Incorporated.
• Guyana President Alistair Routledge said that as the industry continues to develop, it is vital that emphasis is placed on investing in the people and businesses of Guyana. The investment of the Jaguar FPSO, he said, brings the total investment in Guyana to over US$55 billion.
• The Jaguar FPSO is Guyana’s sixth oil platform and the latest under construction by SBM Offshore in partnership with the operator of the prolific Stabroek Block, ExxonMobil Guyana. It will initially produce 250,000 barrels daily, pushing Guyana’s total oil production beyond 1.3 million barrels daily.
• According to Bharrat, the growth in the oil and gas sector is unprecedented, and with opportunities being provided to locals, Bharrat urged local companies to ensure compliance with the local content law.

(Source: Guyana Newsroom)