The Government of Guyana yesterday announced that BP (British Petroleum) Inter-national Limited of the United Kingdom has been selected, following a competitive procurement process, to market Guyana’s share of petroleum from the Liza Destiny and
Liza Unity floating production storage and offloading (FPSO) vessels.
A release yesterday from the Ministry of Natural Resources noted that it had issued its Request For Bids on September 16, 2022, with October 11, 2022, as the submission deadline.
Fourteen bids were submitted to the National Procurement and Tender Administration Board (NPTAB).
The release said that the procurement board appointed an Evaluation Committee and that committee recommended BP International for the award of the contract as part of its evaluation report.
That report was cleared by NPTAB and received Cabi-net’s ‘no objection’, the release said.
The contract will be for twelve months at a marketing price of US$0.00 per barrel. This procurement process was initiated after the contract with Aramco Trading Limited ended.
The release said that the services to be provided by the marketer include the following:
● Provide support and guidance to the Government of Guyana in all operating and back-office responsibilities of managing the crude sales and each individual lift whilst facilitating timely and cost-effective crude operations;
● Support the government in the continued introduction of the grade to multiple geographies and refinery systems, and provide benchmark and performance comparisons of prices paid for Guyana’s crude;
● Work closely with the government to understand the behaviour and yields of the Liza blend and how these can affect pricing differentials.
“The Guyana Government will continue to employ transparent and international best practices in the management of the nation’s petroleum resources so as to attain
maximum returns and advance the livelihoods of all citizens”, the release said.
