Local Content Act
In an attempt to encourage development and greater participation for Guyanese nationals in the petroleum industry, the Government of Guyana has put forward the Local Content Act, Act No. 18 of 2021 on the 30th December, 2021 (‘LCA’). Legislation of this nature is typically referred to as local content policies or requirements.
The LCA seeks to impose certain minimum requirements on entities engaged in the petroleum sector for the purpose of prioritising Guyanese nationals and companies, promoting competitiveness, and the creation of related industries and capacities to sustain the social and economic development of Guyana.
Neutrino Engineering Services Guyana Inc is Local Content Certified for the period 2022 / 2023.