Ghana renowned oil expert – Guyana’s Local Content Law phenomenal

Chief Executive Officer (CEO) at Ghana’s Petroleum Commission, Egbert Faibille Jnr., said that
the developments on Guyana’s local content front are “phenomenal”.
Faibille Jnr. made the comment on the sidelines of the International Energy Conference and
Expo at the Marriott Hotel, Kingston on Thursday. “Your government and people will be in the
lead towards ensuring that the benefits of oil and gas trickle down to everybody, so that this land
will continue to be a land of happiness, and of course, a land of diversity with true value and
benefits for even the investors and also, the government and the people,” Faibille Jnr. Said.
The CEO disclosed that having served as a member of the Board of Petroleum Commissions and
Chair of Ghana’s Local Content Committee, his comment is significant, as his country has a
highly successful local content story. He noted that luckily for Guyana, the renowned
Trinidadian expert, Anthony Paul, who helped craft Ghana’s local content story, was also
instrumental in the development of Guyana’s.
Faibille Jnr. pointed out that despite the sidelining of Paul by the previous APNU+AFC
Administration, the new PPP/C Government hired him shortly after assuming office to serve on a
diverse local content advisory panel. He revealed that a team from Ghana also came last year to
review and advise on Guyana’s draft Local Content Bill before it was tabled. “We from Ghana
are here because we realise first of the commonalities between the people of Guyana and our
own people, and the fact that because of the technical cooperation, you know, arrangements
between our respective governments, we see Guyana as a friend, as a brother or sister country
and we want to take this relationship further,” Faibille Jnr. Stressed.
The Ghana’s Petroleum Commission CEO said that Ghana wants to see Guyanese businesses
come into Ghana at some point to work with their indigenous businesses, and vice versa. He
disclosed that companies from the two countries will be able to develop more synergies if they
partner. It was revealed that already, Guyana has signed a series of cooperation agreements with
Ghana and is set to partner, based on discussions had when the two countries’ Vice Presidents
visited each other’s countries last year.