UTC Overseas for Guyana partnership with GYSBI
Freight forwarder and logistics provider headquartered in Houston, Texas, UTC Overseas is partnering with Guyana Shore Base Inc. (GYSBI) to expand in the growing Guyanese market. By combining expertise and resources, the companies aim to provide boots on the ground and a one-stop shop for a wide array of services.
UTC boosts extensive experience handling large-scale oil and gas projects worldwide. Guyanese-owned GYSBI has a large facility on the Demerara River, serving as the preferred service provider for ExxonMobil and other oil and gas operators in Guyana.
Steve Ross-Munro, UTC’s Regional Director, will oversee business development in the region with the goal of supporting clients on a global basis. The office will be staffed with local and international talent servicing import and export business.
Guyana has emerged as one of the world’s hottest new oil and gas plays. Since 2015, more than 10 billion barrels of recoverable oil and gas have been discovered in its coastal waters. The discoveries are roughly one-tenth of the world’s conventional oil and gas finds. Production began in 2019 and is expected to rise steadily in the coming decade.
UTC Guyana will address the import market by offering air, ocean, and inland transportation and customs clearance. As activity in the area develops, they foresee an export market for equipment being shipped abroad for repair. UTC and GYSBI will offer door-to-door services, including project forwarding, warehousing, distribution, and shore-based services.
Sean Hill coordinates GYSBIs strategic business development. He noted that the joint venture will allow GYSBI to further expand its reach and augment its range of services. “Guyana is a rapidly growing market, and joining with UTC is a natural progression for GYSBI to expand our service offering to our large existing client base. We will be able to provide full turnkey services from picking up equipment at a client’s international base, transporting to and storing in Guyana, mobilising it offshore and back again, and re-exporting those tools if needed.”