Trending/business· Updated Nov 5, 2026

Guyana Considers Local Content Act Changes to Open Oil Contracts to Businesses

Guyana is considering stronger local-content rules to widen domestic firms’ access to oil and gas contracts. Proposals include unbundling tenders and expanding support for smaller suppliers.

Photo via Kaieteur News · from Local Content Act may be amended to force oil firms to unbundle contracts

4 reports from 3 outlets · First reported Thu, Nov 5

Summary

Updated Nov 6, 2026

The Local Content Secretariat is considering amendments to expand Guyanese businesses’ access to oil and gas contracts.
Village Voice +1
Munroe urged operators to unbundle contracts, reduce barriers, pay suppliers faster and share procurement plans.
Guyana Times +1
The Secretariat is working with oil companies to create more opportunities for small and women-owned businesses.
Guyana Times
It is unresolved whether unbundling would be mandated by the Act or subsidiary legislation.
Kaieteur News

Automatically summarised from the coverage below.

Coverage

Nov 5, 2026

Local Content Act may be amended to force oil firms to unbundle contracts

Guyana’s Local Content Secretariat is considering changes to the 2021 Local Content Act that would require oil and gas companies to unbundle contracts so more local firms can compete for work. Director Michael Munroe said bundled tenders often shut out Guyanese businesses, and the government may strengthen the rule in law or subsidiary legislation. ExxonMobil said Guyanese now make up 70% of its workforce and it has spent billions with local suppliers.

Nov 5, 2026

Local content framework to be strengthened to boost Guyanese businesses

Guyana is moving to amend its Local Content Act to expand opportunities for local businesses in oil and gas, according to Local Content Secretariat director Michael Munroe. Speaking at the Guyana Supplier Forum 2026, he said the focus is now on helping Guyanese firms grow, compete regionally and secure lasting benefits from petroleum-sector contracts.

Nov 5, 2026

O&G opportunities being carved out for small, women-owned businesses – Head of Local Content Secretariat

Guyana’s Local Content Secretariat is working with oil companies to carve out more opportunities for small and women-owned businesses in the expanding oil and gas sector. Director Michael Munroe said a new digital registration portal is helping identify and classify local suppliers, while ExxonMobil reported more than US$317 million spent with Guyanese companies in the first half of 2026 and over 7,000 locals employed.

Nov 5, 2026

Oil companies urged to avoid artificial barriers, invest in Guyanese companies

Guyana’s Local Content Secretariat is urging oil and gas operators to package contracts in ways that let local firms compete, pay suppliers faster and share upcoming procurement plans. Director Michael Munroe also told Guyanese businesses to invest in technology, training and partnerships so they can scale sustainably and avoid dependency on one-off contracts.

Guyana Considers Local Content Act Changes to Open Oil Contracts to Businesses

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