Guyana: GYSBI secures contract extension with Esso Exploration and Production Guyana

The Guyana Shore Base, GYSBI, signed an 11-year extension contract with Esso Exploration and Production Guyana, an ExxonMobil affiliate for the provision of shore base management and operations services.

The contract builds on the previous agreement, which was awarded to the company in 2017 with, GYSBI, a pioneering local company in the local oil and gas sector.

GYSBI said it has directly invested over US$300 million in enabling port infrastructure, real estate development, warehousing, and support services.

It also noted that it has recruited, trained, and certified more than 1 000 Guyanese for key operational positions within the industry and beyond through its affiliates and catalysed more than US$500 million in investment.