Mobile-based firms Myer Marine Services and Hargrove EPC have signed a memorandum of understanding with Guyanese firm GAICO construction solidifying a partnership aiming to tap into the nation’s newfound petroleum industry.
The collaboration seeks to undertake the development of new projects in the South American country.
According to Oil Now, the partnership will make possible the advancement of the Guyanese workforce through the flow of skills and technology in the country’s expanding oil and gas sector.
Komal Singh, CEO of GAICO Construction, praised the alliance as being consequential for the developing nation.
“GAICO is honored to be partnering once again with two major American based companies,” said Singh. “This MOU is the beginning of another big step for not only GAICO but also for Guyana, as we are all determined to grow the economy and bringing the professional skills needed utilizing the private sector.”
David Myer, president of Myer Marine Services, expressed optimism in the success of the partnership, pointing to the growing Guyanese energy sector.
“We are thrilled to enter this partnership today with Hargrove and GAICO, and to become an active participant in the growth and development of Guyana,” said Myer. “With our collective experience and broad areas of expertise, the capabilities of this team are endless, and unmatched in Guyana or abroad. We are looking forward to what the future holds for this team, and for Guyana.”
President and CEO of Hargrove EPC Ralph Hargrove expects the collaboration to be a boon to the local economy and Guyanese workforce.
“Hargrove is excited about the opportunity to partner with GAICO and Myer in order to meet the ambitious industrial and infrastructure plans in Guyana while creating skilled employment opportunities for the Guyanese people,” said Hargrove.
Guyana’s oil and gas industry has experienced a recent boom, which the two Alabama firms seek to benefit from while making investments that will be of long-term benefit to the region.
Dylan Smith is a staff writer for Yellowhammer News. You can follow him on Twitter @DylanSmithAL