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2000 Guyanese companies benefited from US$700M in oil contracts in 2025- Exxon
(Kaieteur News) – In 2025, ExxonMobil Guyana Limited (EMGL) spent approximately US$700M with local suppliers. This was recently revealed by President of EMGL, Alistair Routledge during a news conference.
He explained, “So last year, some 2000 suppliers were involved in some way, through the supply chain supporting our operations and we spent around GY$146 billion with those 2000 vendors.”
Since 2015, the company said it has spent a total of GY$753B with local businesses.
Routledge said, “I’ve said before, absolutely fundamental that we not only deliver money into the natural resource fund through the revenues that are generated. But in the process of developing the nation’s resources, that we deliver as much benefit to people through jobs and business opportunities as we possibly can.”
President of EMGL, Alistair Routledge
In addition to supporting local businesses, the company reported an increase in the number of Guyanese currently employed in the oil and gas sector.
He said that currently about 9,000 persons are employed in the petroleum industry with about 70% of those vacancies filled by Guyanese.
“So, again, that percentage of the workforce is increasing, it reflects the level of investment, that companies like ExxonMobil, but also our prime contractors…and also local companies are making to invest in their people,” the Country Manager noted.
He added that Guyanese are being given the opportunity to take up more complex jobs and ultimately receive better salaries.
The Government of Guyana (GoG) passed the landmark Local Content Law in 2021, securing 40 categories of work for Guyanese participation via the supply of goods and the provision of services which include: food supply, rental of office space, accommodation, insurance, accounting and legal services.
The law is intended to regulate the way companies operate in Guyana’s oil and gas sector; employ persons, buy services and the way that they procure goods.
According to the Act, Guyanese must provide 90% of office space rental; 90% of accommodation services (rental of houses and apartments;25% pipe welding onshore; 75% non-hazardous waste management; 90% janitorial and laundry services; 90% catering; 75% food supply; 100% immigration services and 100% local insurance services to name a few.
In November last year Kaieteur News reported that the GoG commenced the process to revise the Local Content Act to increase Guyanese participation in the sector. Following the submission process by key players, Natural Resources minister, Vickram Bharrat said that a consultation among all stakeholders will be convened to address the recommendations before amendments are finalised.
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