Tenders were opened yesterday for the marketing of Guyana’s oil for the next fiscal year and there were 27 bidders including big names such as Equinor, Chevron, ExxonMobil and Shell.
The tenders were opened at the National Procurement and Tender Administration Board. Those bidding were:
Equinor- Norway
Trafigura Pte LTD – Singapore
Oando Plc- Nigeria
Mercuria Energy Trading S.A. Switzerland
BP Oil International Limited- United Kingdom
BK Holdings Limited- UK
ExxonMobil Sales and Supplies LLC – United States
Petraco Oil Company LimitedGuernsey
Shell Western Supply and Trading Limited-Bahamas
Adnoc Trading Limited- United Arab Emirates
POTSA Total Energies Trading SA- Switzerland
Chevron Products Company-USA
VB Energy Trading Limited-London
Cathay Petroleum Limited- Hong Kong
Gunvor SA- Switzerland
Glencore Energy UK Limited
APIOil Oil UK Limited
Vitol SA Switzerland (1 hour 7)
Socar Trading S.A. Switzerland ( 1 hour 10 ) bid 19
Springfield Energy Limited – Switzerland
Bono Energy Limited-Nigeria
CNOOC (Trading) Singapore
ENI Trading and Shipping Inc- United States
Petrochina International (America) Inc- United States
JE Energy Limited -London
Unitec America Inc- United States
SISPRO Inc – Guyana
Government on September 17, 2024 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..
Tenders for the project were required to 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. The tender must be valid for 120 days from the date of bid opening.
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.
