Bourbon Guyana three way partnership settlement was signed by Jaikerran Persaud, CEO of Tethys Marine & Logistics (left) and Rodolphe Bouchet, CEO of Bourbon Marine & Logistics.
With Guyana strengthening its local content requirements for the oil and gas sector, Bourbon Marine & Logistics has reached an settlement that sees Guyanese firm Tethys Marine & Logistics turns into a 51% shareholder within the Bourbon Guyana Joint Venture. With 75% Guyanese administrators, the corporate thus turns into Guyana’s first indigenous offshore assist vessels operator, absolutely compliant with the latest native content material laws.
With a fleet of six vessels (giant PSV, AHTS & tugs) and the complete vary of marine companies, Bourbon has operated within the nation since 2019 and has since then efficiently supported ExxonMobil Guyana and Saipem Guyana for the event of Stabroek subject, selling native employment with greater than 70 Guyanese seafarers onboard its vessels.
“The partnership with Tethys Marine & Logistics represents a tremendous opportunity to strengthen our current position in Guyana,” mentioned Rodolphe Bouchet, CEO of Bourbon Marine & Logistics. “Through this operation, Bourbon becomes a ‘Guyanese’ company in-country with a local majority shareholder. This is a very important aspect for us, as we always want to include local content in the territories in which we are present.”
“We share the same culture with Bourbon and our visions for the future of the industry in Guyana are aligned,” mentioned Jaikerran Persaud, CEO of Tethys Marine & Logistics. “It is essential for Bourbon Guyana to consolidate its management place on this promising territory.
