{"id":17001,"date":"2024-03-05T00:51:26","date_gmt":"2024-03-05T00:51:26","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=17001"},"modified":"2024-03-05T00:51:32","modified_gmt":"2024-03-05T00:51:32","slug":"modec-inc-establishes-presence-in-guyana-promising-job-opportunities-and-economic-growth","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/modec-inc-establishes-presence-in-guyana-promising-job-opportunities-and-economic-growth\/","title":{"rendered":"MODEC Inc. Establishes Presence in Guyana: Promising Job Opportunities and Economic Growth"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>By Samuel<\/em> <span style=\"text-decoration: underline;\"><em>Sukhnandan<\/em><\/span><\/p>\n\n\n\n<p>MODEC Inc., a renowned global leader specializing in constructing and operating floating solutions for the offshore oil and gas industry, has set up operations in Guyana. <\/p>\n\n\n\n<p>Speaking exclusively to NCN News, the company&#8217;s Country Manager, Rafael Fumis, sheds light on their operations and future endeavors. <\/p>\n\n\n\n<p>MODEC Inc. secured a significant contract in 2022 to build the fifth Floating Production, Storage, and Offloading vessel (FPSO) for Guyana.<\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/03\/Samuel-MODEC-1.mp3\"><\/audio><\/figure>\n\n\n\n<p> Named &#8216;Errea Wittu,&#8217; this FPSO is poised to support ExxonMobil&#8217;s Uaru development project, a vital undertaking for the expansion of the oil and gas sector in the region. <\/p>\n\n\n\n<p>Fumis emphasizes that not only will MODEC Inc. construct this new FPSO, but they will also oversee its installation in Guyana.<\/p>\n\n\n\n<p>When queried about how MODEC Inc. plans to contribute to the Guyanese economy through its offshore operations, Fumis outlines their commitment to fostering local economic growth. <\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/03\/Samuel-MODEC-2.mp3\"><\/audio><\/figure>\n\n\n\n<p>Additionally, Fumis underscores the significant opportunities for skill development and knowledge transfer that will accompany MODEC Inc.&#8217;s presence in Guyana.<\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/03\/Samuel-MODEC-3.mp3\"><\/audio><\/figure>\n\n\n\n<p>Furthermore, Fumis reveals that the FPSO being constructed by MODEC Inc. will play a pivotal role in ExxonMobil&#8217;s ambitious plan to increase Guyana&#8217;s oil production to 1.2 million barrels per day by 2027. <\/p>\n\n\n\n<p>This collaboration underscores the strategic importance of MODEC Inc.&#8217;s operations in contributing to the energy landscape of Guyana and the wider region.<\/p>\n\n\n\n<p>With MODEC Inc.&#8217;s entry into the Guyanese market, the country can expect a surge in job opportunities and economic development, driven by the company&#8217;s commitment to local hiring and capacity building. <\/p>\n\n\n\n<p>As Guyana continues to establish itself as a key player in the global oil and gas industry, partnerships with industry leaders like MODEC Inc. are poised to accelerate the nation&#8217;s growth trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Samuel Sukhnandan MODEC Inc., a renowned global leader specializing in constructing and operating floating solutions for the offshore oil and gas industry, has set up operations in Guyana. Speaking&hellip;<\/p>\n","protected":false},"author":4,"featured_media":17002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,360,366,350],"tags":[],"class_list":["post-17001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-energy","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/17001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=17001"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/17001\/revisions"}],"predecessor-version":[{"id":17006,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/17001\/revisions\/17006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/17002"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=17001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=17001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=17001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}