Promoting Local Companies
The Centre recently took part in a successful business development mission from Norway to Guyana. As a strong advocate of “smart partnerships,” the Centre utilized its business platform to brief visiting Norwegian companies about the importance of knowledge, skills and technology transfer to local partners. The Norwegian companies also came to understand the benefit of engaging with the Centre and how it links reputable Guyanese companies with new business opportunities.
As local and international businesses establish new commercial ties to meet the industry’s demand, the Centre plays a pivotal role in promoting profitable relationships through smart partnerships. The Centre’s smart partnership approach ensures that Guyanese businesses benefit hand-in-hand from offshore oil and gas opportunities while maximizing skills transfer and technology development.
In October 2019 the Centre organized its second business development mission for 19 companies from the Newfoundland and Labrador’s Oil and Gas Industry Association (Noia) to Guyana. Noia identified similarities between Guyana and the Canadian province’s oil and gas supplier base experience.
The missions held meetings with ExxonMobil and its prime contractors, provided matchmaking services between local Guyanese businesses and Canadian companies, and facilitated meetings with local legal and tax experts. Prior to arrival, the Centre provided Noia companies with market intelligence on the Guyanese business climate.
Hosting trade missions from Norway and Canada as well as preparing companies for the upcoming Offshore Technology Conference (OTC) in Houston are proven ways the Centre and the oil and gas industry are helping to expand Guyana’s business ecosystem.