e-Magic is proud to announce that we have acquired our Local Content Certificate in Guyana, South America, which is issued in accordance with Section 6(2) of the Local Content Act. We look forward to doing continued business with our clients and we welcome new businesses onboard within the growing oil and gas industry.
The Local Content Secretariat aims to ensure the prioritisation of Guyanese nationals and Guyanese companies in the procurement of goods and Services for the enhancement of the value chain of the petroleum sector and to enable local capacity development.
Guyana amounts for one-third of the crude discovered in the world since Exxon first hit oil in the country in 2015, according to Rystad consultancy firm. The about 11 billion barrels of recoverable oil discovered to date should make the country a global oil power in the coming years.