Guyanese couple wins two shallow water blocks

Nov 01, 2023 ExxonMobil, News, Oil & Gas

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Kaieteur News – The International Group Investment Inc. (IGI), a Guyanese owned and operated company recently won bids for two blocks in the shallow waters (S5 and S10) in the concluded Guyana Licensing Round 2022.

IGI Inc. Guyana is led through the Directorship of Guyanese Citizens Dr. Levi Wilson Odoe, a Lawyer and International Arbitrator; and Mrs. Esther Allison Odoe, Director and Legal Advisor. Kaieteur News understands that the duo is husband and wife.

In a statement, Director Dr. Odoe commended the Government of Guyana “for creating such enabling business environment and opportunities for investments that is attracting the global business community.”

“We look forward to a successful working partnership,” the duo said.

Meanwhile, the company said that it prides itself on being a leading force in the construction, education, agriculture, and the Oil and Gas industries.

“With a legacy of excellence spanning ten years internationally, its commitment to innovation, quality, and client satisfaction remains unwavering.  In the construction sector, it has earned a reputation for transforming dreams into reality, whether it’s creating stunning residential spaces, innovative commercial developments, or vital road infrastructure. Our expertise and dedication shine through in every project, reflecting our core values of integrity, excellence, and safety. In addition to our construction endeavours, we are actively engaged in the dynamic world of Oil and Gas,” the company said in a statement.

IGI Inc. said it understands the vital role the oil and gas sector plays in powering economies and improving lives.

“Our exploration, production, refining, and distribution services are all geared towards delivering reliable energy solutions while prioritizing sustainability and environmental stewardship.

At IGI Inc., our client-centric approach is the cornerstone of our operations. We collaborate closely with our clients to understand their unique visions and requirements, ensuring that every project we undertake, whether in construction or the Oil and Gas sector, is tailored to meet specific goals and objectives.”

The company said that it has complied with Guyana’s Local Content Policy and has since identified four working pillars that will ensure objectives are met upon commencement of operations in blocks S5 and S10.

These pillars include employment opportunities that encourage capacity building through

close cooperation with local communities, including business interests, as well as developing the enterprise’s activities in the domestic market consistent with the need for sound commercial practice guided by Guyana’s Local Content Policy; we encourage human capital formation, in particular by creating employment opportunities and facilitating training opportunities for employees.

“Greater preference of employment will be immediately granted to Guyanese favourable to more than 70%, and where lacking consideration of outsourcing will be given. To ensure that the standards of delivery and performance is maintained, constant capacity building through training will be moduled and executed which further will be measured through quality assurance checks.”

The company spoke of supply chain and the importance of recognizing and appreciating the

intent to build capacity among local micro and macro businesses.

“IGI Inc. intends to work closely with the already established Guyana Centre for Local Business Development to assist in the sourcing of suitable local contractors which will aid in transportation, maintenance, security, procurement etc. IGI Inc. business model envisages that it can achieve its economic, environmental and social goals through managerial decisions and actions that facilitate strategic and transparent integration of key business processes cooperation among participants in supply chain. It believes that by giving local suppliers the opportunity to deliver, their standards of service will be significantly improved. First preference will always be given to Guyanese suppliers.”

On the social front, the company said while it continues to develop blocks, it has not lost sight of its commitment to play its role as an enlightened corporate institute.

“Corporate Social Responsibility will always be on its agenda. Further pursuant to the Ministry of Natural Resources Corporate Social Responsibility Framework 2017- 2020 which gives guidance on how companies, particularly those in the extractive industries sector, can make a tangible contribution to the development of all Guyanese; IGI Inc. will be guided but as a company has already identified areas of interest which it believes can make contributions immensely such as; water and food security, rural health care, education etc.”

Additionally, IGI Inc. said that as a reputable company, it understands the importance of environmental suitability and the need for minimal carbon footprint and will liaise with the Environmental Protection Agency (EPA) to ensure best practices are enforced at all times.

“IGI Inc. commits to ensuring environmental sustainability, ecological balance, protection of flora & fauna, animal welfare, agroforestry, conservation of natural resources & maintaining quality of soil, air & water; Contribution towards Natural Disaster Mitigation and for such other purposes and activities as may be permitted, from time to time and Give support to Non-Governmental Organisations that focuses on environment conservation and ecosystem preservation,” the statement said.

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• Director and Legal Advisor of IGI Inc., Directorship, Dr. Levi Wilson Odoe, Lawyer and International Arbitrator, Mrs. Esther Allison Odoe

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