PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 17.Sep.2025, Words: 215) — ExxonMobil Guyana and its contractors have spent over GY$600bn with Guyanese businesses since operations began in 2015.
ExxonMobil official started production offshore Guyana in Dec. 2019.
And, in the first-half 2025 (1H:25) alone, GY$87bn was spent directly with 1,800 local vendors, reinforcing ExxonMobil’s push for local content development through significant investments in local businesses, workforce training, and community-development initiatives.
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This year also marked a significant milestone with the start of in-country fabrication services at the Vreed-en-Hoop Shore Base Inc. (VEHSI), including the fabrication of quad joints and Pipeline End Terminations (PLETs), a major step in supporting the development of local industrial capabilities, ExxonMobil announced on 17 Sep. 2025 in an official statement.
As of mid-2025, over 6,200 Guyanese are employed by ExxonMobil Guyana and its contractors, making up 70% of the workforce. Notably, 1 in 3 employees are Guyanese women, and 1,800 Guyanese are currently working offshore.
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Guyana’s oil-and-gas employees benefited from receiving over 370,000 hours of leadership, technical and professional, health, safety, and security training, according to ExxonMobil.
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
