Guide
Local content master plan reporting
The master plan, the annual plan, and the half-yearly report are three different documents under the Local Content Act.
What the official sources say
The Secretariat's annual-plan guideline, version 3 of 22 December 2023, defines the Local Content Master Plan as the plan approved by the Minister under section 8(1) and the Second Schedule. It defines the Annual Plan as the plan submitted under section 10(1) and the Second Schedule. The half-yearly report is a later comparison against the approved annual plan, under section 12.
The annual plan guideline describes a narrative plus annexes for employment, procurement, and capacity development. Half-yearly reporting then compares what happened with those sub-plans. PetroMetric keeps the plan version that was approved next to the actuals. It does not approve a plan for the Minister.
Checklist
- Store the master plan, the annual plan, and each half-yearly report as separate versions.
- Cite section 8, section 10, or section 12 on the row so the duty is not blurred.
- Compare procurement actuals with the approved procurement sub-plan, not with a schedule example.
- Keep Guyanese supplier counts next to the invoices that support them.
- Do not send the annual plan from the software.
Questions people ask
Is the master plan the same as the half-yearly report?
No. The annual-plan guideline uses master plan for the section 8 plan, annual plan for the section 10 plan, and the half-yearly guideline covers the section 12 report. They have different jobs.
Who approves the annual plan?
The December 2023 guideline says the annual plan is submitted to the Minister responsible for petroleum for approval. A company dashboard cannot grant that approval.
What should the half-yearly comparison use as its baseline?
The June 2025 half-yearly guideline says the comparison is against the approved annual plan's employment, procurement, and capacity-development sub-plans.
Related pages
Informational only. This is not legal, tax, or regulatory advice, and it is not a certification or a government publication. A qualified legal reviewer has not been appointed. Confirm the current Act, permit, licence, and guideline before you rely on a date or a figure. PetroMetric does not file reports or applications with any agency. Source snapshot 8 November 2026, America/Guyana. Contact (592) 600-1096 or service@computingcore.net. Contact for pricing.