The Guyanese government has announced a significant overhaul of its local content certification process, set to take effect in January 2026. This new framework aims to enhance clarity, predictability, and efficiency for businesses seeking certification. The Ministry of Natural Resources, through the Local Content Secretariat, has outlined specific timelines for processing applications. Sole proprietorships and landlords will see new applications processed within five working days, with renewals completed in three days. Guyanese-owned companies and partnerships will have new applications processed within 15 working days, and renewals within 10 days. All other companies will experience a 21-working-day processing period for new applications and 15 days for renewals. These timelines will commence only after all required documents are submitted, ensuring a consistent and transparent process. An updated list of required documents will be available on the petroleum.gov.gy website. Additionally, stakeholders are encouraged to use the Local Content App, launched earlier this year, to streamline procurement access and strengthen local participation. A new online portal for application submissions will also be introduced in January 2026. The Local Content Act (LCA), enacted to prioritize Guyanese nationals and companies in the energy sector, has already facilitated over US$1.5 billion in contracts and procurement, benefiting 1,100 local companies by the end of 2024.
