Jagdeo said that Guyanese can work together to form companies aimed at grabbing, among other things, supply vessels’ contracts, since it may be costly for one person to do so. “We hope to amend the local content law to give more room for local ownership of supply vessels, but these supply vessels are very costly. You know, they run into millions of US dollars. So maybe it may be beyond the reach of an individual in Guyana to afford these vessels,” Jagdeo said. He advised that it would be wise for partnerships to be fostered with overseas companies and a consortium of Guyanese companies to allow for more locals to invest in these high-value areas, ultimately bringing more value and income to them. The VP explained, “once you get a contract there, it’s a long-term contract, and it’s predictable, and therefore you can make money on it. (Kaieteur News)