Guyana Shore Base Inc (GYSBI) has clinched an 11-year extension contract with Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil affiliate for the provision of shore base management and operations services, a release from GYSBI yesterday said.
According to the release, GYSBI invested over US$300M towards port infrastructure, real estate development, warehousing and support services; has recruited, trained and certified more than 1000 Guyanese for key operational positions within the industry and beyond through its affiliates; catalysed greater than USD$500M in investment in the Houston/McDoom, East Bank Demerara corridor by providing the enabling infrastructure and creating the first oil and gas activity hub in Guyana that also generated direct and indirect employment for more than 2000 persons. The release said that in 2017 the company signed a contract for eight acres, two berths and one warehouse. Today, it stands at 170 acres, 8 warehouses and four berths, with further expansions planned. While it started with five employees, GYSBI today has a workforce of 616 persons, 95 percent of whom as Guyanese.
