As the one-year contract with two United Kingdom firms to market this country’s oil share from the Stabroek Block draws near to an end, government yesterday advertised for bidders for the next fiscal year.
“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, Lot 3 – Payara Prosperity FPSO Vessel, Lot 4 – Any two (2) Lots combined and Lot 5 – Combined Lots 1, 2 and 3,” the notice to bidders released by MNR stated.
Bidders may bid for one or more lots as defined in the bidding documents.
The notice added that interested bidders may obtain further information by email at jmckenzie@nre.gov.gy or from the address – Permanent Secretary, Ministry of Natural Resources, 96 Duke Street, Kingston, Georgetown, Guyana.
Tenders for the project must be submitted no later than 09.00 hours on Tuesday October 01, 2024 and addressed to: The Chairman, National Procurement and Tender Administration Board, Ministry of Finance, Main and Urquhart streets, Georgetown, Guyana. It must be valid for 120 days from the date of bid opening.
The tenders will be opened on the same date at 09.00 hours in the presence of bidders’ representatives who wish to attend, or they may request a video link from npta.procurement@finance.gov.gy.
The ministry stated that all late bids will be rejected and returned to bidders unopened.
Last year, UK company, JE Energy, marketed oil coming from the Liza-1 platform which uses the Liza Destiny FPSO, while BB Energy marketed oil from the Liza-2 and Payara platforms which use the Liza Unity and Liza Prosperity FPSOs, respectively.
Neither of the companies charged government for the marketing and instead as in the case of BB Energy Limited, paid, US26 cents on every barrel it sold, while JE Energy paid some US70 cents on each barrel of crude it marketed.
