MODEC, a prominent player in the oil and gas industry, has announced the recruitment of 18 Guyanese nationals and a noteworthy investment of approximately US$3.4 million (roughly G$709.5 million) in local suppliers throughout 2024. This initiative was highlighted in a recent press release, where the company proudly shared its acquisition of the 2024 Local Content Certificate of Compliance and the approval of its 2025 Local Content Plan.
These accomplishments reflect MODEC’s steadfast dedication to advancing local engagement and fulfilling the stipulations of the Local Content Act of 2021. In the past year, the company initiated its first onshore trainee and internship programs designed to cultivate local talent while offering 45 procurement opportunities to local businesses.
Furthermore, MODEC has committed to investing in community initiatives focusing on education, technology, and environmental sustainability. Looking ahead, the company plans to maintain its efforts in recruiting and training Guyanese nationals and will present over 100 procurement opportunities for local suppliers this year.
As a leader in delivering floating offshore solutions for over 55 years, MODEC has established itself in more than 15 countries, successfully completing over 50 floating unit projects. The company’s initiatives are designed to foster local expertise, develop collaborations, and contribute to the growth of the Guyanese economy.
Source: newsroom.gy
