Blackrock Development Company - Guyana Hinterland Construction
About Blackrock Development Company
Blackrock Development Company is a privately held company, duly incorporated under the Companies Act of Guyana. Though the Company was incorporated in recent years, its predecessor, principals and management have decades of experience in hinterland construction, civil works, logistic services, transportation, and equipment rental. Civil works include roads, bridges, airstrips, building construction, mine site development and reclamation.
70,000
Square Foot Facility
6
Hinterland Locations
Locations
Blackrock Development's head office is located on the East Coast of Demerara in a 70,000 square foot facility. Additionally, a five-acre parcel is being developed on the East Bank of Demerara for equipment maintenance and storage. A wharf is planned for barge supply of construction materials.
Blackrock Development also has six hinterland locations, which are used as bases for construction works.
Discovery of Oil
In 2015, Exxon-Mobil discovered oil offshore of Guyana. From the first discovery through October 2021, more discoveries were made bringing the total estimated reserves to 10 billion oil-equivalent barrels. Exxon-Mobil and other companies plan more exploration.
These large oil discoveries have not only created opportunities for local companies in the oil and gas value chain, but also in other sectors as government spending will greatly increase in the coming years. Construction, particularly for national infrastructure, will be a major growth industry for the next two decades. As such, Blackrock Development is preparing for the opportunities ahead.
