As the current contract with British oil major, British Petroleum (BP) nears an end, the Government of Guyana is seeking a marketer for its oil share from three Floating Production, Storage and Offloading (FPSOs) platforms.
“The Ministry of Natural Resources (MNR) hereinafter referred to as ‘the Procuring Entity’, invites eligible bidders to submit their bids for execution of the Provision of Marketing Services for the Cooperative Republic of Guyana’s Oil Entitlement from Lot 1 – Liza Destiny FPSO Vessel, Lot 2 – Liza Unity FPSO Vessel and Lot 3 – Payara Prosperity FPSO Vessel,” the Ministry of Natural Resources yesterday advertised.
“The objective of the Assignment is to competitively market and maximize the value of the Government’s crude oil entitlement from developments in the Stabroek Block and create a competitive market for the Liza, Unity Gold, and Payara Gold Blends,” it added.
The bid is conducted on a lot basis and as such bidders may bid for one or more lots as defined in the bidding documents, but the bids must be valid for 120 days from the date of bid opening.
Interested bidders can obtain further information by email at jmckenzie@nre.gov.gy or they can write to the Permanent Secretary, Ministry of Natural Resources, 96 Duke Street, Kingston, Georgetown, Guyana, the notice states.
Bids for the tender should be submitted not later than 09.00 hours on Tuesday October 17, at the National Procurement and Tender Administration Board and must be addressed to: The Chairman, National Procurement and Tender Administration Board, Ministry of Finance, Main & Urquhart Streets, Georgetown, Guyana. They will be opened on the same date.
Representatives not attending the opening in person but wanting to see the process can request a video link from NPTAB at npta.procurement@finance.gov.gy.
The Ministry informed that all late bids shall be rejected and returned to bidders unopened.
Last year, BP had 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. The Payara FPSO is expected to come on stream shortly.
The Ministry of Natural Resources had 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 contract was 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 in December of the year before.
The terms of the contract had stated that the company would:
● 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 Ministry had said.
