PSC moves to address supply chain gaps, boost SMEs participation in O&G Sector

Participants at the meeting

The Private Sector Commission (PSC) is working to address gaps in ExxonMobil Guyana’s supply chain and expand opportunities for local businesses as Guyana’s oil sector continues to grow.
The Commission met on Thursday with ExxonMobil executives to discuss strengthening local consortiums and preparing small and medium-sized enterprises (SMEs) to compete for contracts in the oil and gas industry.
PSC Chairman Gerry Gouveia Jr. said that while the sector is expanding rapidly, broader economic diversification remains essential. “Whether we like it or not, the oil and gas sector is developing and growing rapidly,” he said. “Guyana is being heralded for its model of economic diversification, especially within the region and CARICOM. We are showing that we can build strong oil and gas services while creating competitive Guyanese businesses.”
Gouveia noted that more than 1,200 Guyanese companies are registered under the local content framework, generating over $750 million in revenue in the past two years.
To strengthen participation, the PSC has launched a Business Support Desk offering free consultations to small enterprises, including assistance with business plans, financial feasibility assessments, and supply chain readiness to improve access to financing.
About 10 small consortiums have already been formed in housing, agriculture, tourism, and offshore services, with more expected as workshops with ExxonMobil Guyana identify additional opportunities.
The Commission said its goal is to sustain growth in the oil sector while accelerating long-term economic diversification.