Local Oilfield Services Company Jaguar is Launched

Minister of Business Dominic Gaskin addressing attendees of the Jaguar Oilfield Services launch event. .

Three companies with more than 100 years of combined industry experience have officially launched a new service company to meet the needs of the rapidly growing Guyana energy industry - Jaguar Oilfield Services Guyana. Those partner companies are TOTALTEC, Process Components Limited (ProCom), and from the Farfan and Mendes Group of Companies, Mines Services Limited.

Guyana Business Minister, Dominic Gaskin attended the event, and in lauding the venture noted that more Guyanese companies and business leaders need to form joint ventures to both build capacity and supply the rapidly developing industry.

“We are not a country that is yet experienced in this industry but we do have a private sector that is proactive and has been seeking to partner with other companies…who understand the industry better than we do,” Gaskin said.

He added that while there has been a lot of talk about local content recently;

“... you can’t get local content without building capacity.”

A section of the gathering with (front row, right, L-R) CEO of ProCom Mark Laughlin, TOTALTEC CEO Lars Mangal, Managing Director of F&M Andrew Mendes.

In his address, TOTALTEC CEO Lars Mangal noted that;

“Guyana has a number of foundational industries for building capacity to support oil and gas, for example mining and timber. Our neighbors in Trinidad have a long history of supporting the oil industry. Within the Jaguar partner companies the processes and systems are in place to be able to control and deliver the quality products and service that the oil industry expects.”

With 36 years of experience, ProCom Chief Executive Officer, Mark Laughlin said the company willingly seized the opportunity to enter “this new and exciting market” and has trained several Guyanese at its facilities in Trinidad.

“The initial training is in the testing and certification of equipment critical to the oil business. The mature oil business in Trinidad provides a solid foundation for Jaguar to learn and grow from.”

According to Andrew Mendes, Managing Director of the Farfan and Mendes Group of Companies, partnerships are important, as the developing oil and gas industry is new to Guyana and its people.

“We must be realistic that in the beginning, it will require a particular focus by people experienced and already dealing with the sector, hence the joint venture,” he told those gathered.

In closing, Mangal remarked;

“The vision for Jaguar is to be the leading provider of the high-quality industrial equipment and associated services for the Guyana energy industry.”

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