With a focus on hiring locals and partnering with businesses here, GPEC Energy Products Inc. has entered the Guyana market as the first distributor of engineered equipment for the evolving oil and gas sector.
The certified local content company specialises in pipeline and flow line products and distributes engineered equipment to meet industry demands.
Their services include package management procurement, engineering support, and maintenance and repairs.
A launch-to-market event was held at the Marriott Hotel on Tuesday night to mark the official launch of GPEC Energy Products Inc.
In his remarks, company representative, Sash Sukhdeo said the launch signifies a revolution in the industry.
“Every single economy that goes through transformation has one thing in common: you have to collaborate.
“If you don’t collaborate and grow, something is going to break at some point.
“We are here to make a difference,” Sukhdeo affirmed.
The entry of GPEC Energy Products Inc. is said to be the first of this nature in Guyana’s oil and gas sector.
And Sukhdeo highlighted that GPEC Energy Products Inc. will be training and hiring locals to fill several positions as they embark on a journey to transform the oil and gas industry here.
Highlighting the importance of partnership, ExxonMobil Guyana President, Alistair Routledge applauded the company for its investment.
“It is new model. It’s a great example for the country.
“Huge recognition goes to local business entrepreneurs for the seizing the moment, taking that risk to say they want to be part of this journey.
“It’s not easy particularly when you getting into an industry you know nothing about,” Routledge said.
The vision of GPEC, he opined, should be to support the industry for the long term.
“…Guyana has exploded on the international stage and… now has the fastest-growing economy in the world. So yes, it is the right place to be, it is an exciting place to be.
“We have a responsibility to develop Guyana’s resources for the best interest of the country. For the highest value while protecting the people and environment,” Routledge said.
Meanwhile, Minister of Natural Resources, Vickram Bharrat said the launch demonstrates the confidence local and foreign investors have in the economy and country at large.
“It is a venture that will be new to our country. We have seen many other investments in our country. I don’t think we have seen any of this nature as yet in Guyana,” Bharrat acknowledged.
He noted that the company’s goal of investing and training locals is part of the government’s vision in building Guyana as a hub in the world.
“It simply means Guyana would be seen as an even better investment destination in this part of the world.
“So it is a good time to be in Guyana. It is a good time to invest in Guyana…This is when we have the front seat to witness the build out a new, modern Guyana,” Bharrat said.
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