UTC Overseas has established a joint venture with Guyana Shore Base Inc. (GYSBI), expanding its operations and service offering in the country.
Guyanese-owned GYSBI has a large facility on the Demerara River, and serves as the preferred service provider for ExxonMobil and other oil and gas operators in the country. USA-based UTC has extensive experience handling large-scale oil and gas projects worldwide.
Steve Ross-Munro, UTC’s regional director, will oversee business development in the area, with the goal of providing a one-stop-shop for a wide array of services.
Since 2015, more than 10 billion barrels of recoverable oil and gas have been discovered in Guyana’s coastal waters. UTC Guyana offers air, ocean, and inland transportation and Customs clearance and as activity in the area develops, the companies foresee an export market for equipment needing repair.
“I welcome our new Guyana team and know that with their skills and dedication, they will position UTC as a driving force in the region. Global Energy, including oil and gas and power generation, is a strength for UTC, and this energy-lead growth in Guyana presents opportunities for several UTC verticals in the country – heavy equipment, packaging, mining, cement, and Infrastructure projects,” said Marco Poisler, UTC Overseas chief operating officer, global energy and capital projects.