Guyana’s oil operators spent US$743 million with local suppliers in 2024, embedding manufacturing and fabrication into the supply chain under the Local Content Act.
Guyana
Key Facts
—Local supplier spending. Oil operators spent US$743 million on Guyanese suppliers in 2024, with cumulative procurement surpassing US$1.5 billion since 2021.
—Fabrication milestones. Three Guyanese firms are fabricating components for the Jaguar FPSO, and subsea jumpers are now manufactured at the Vreed-en-Hoop Shorebase.
—Workforce composition. Guyanese nationals make up 67 per cent of the oil and gas workforce, with roughly 14,000 people employed directly and indirectly.
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