The Government of Guyana (GoG), through the Ministry of Natural Resources has announced the award of contracts, through the National Procurement and Tender Administration Board (NPTAB), to market Guyana’s share of crude from the three Floating Production Storage and Offloading (FPSO) vessels.
The awards are as follows:
BB Energy Trading Limited – Liza Unity and Prosperity FPSOs JE Energy – Liza Destiny FPSO
The Department of Public Information today said that the international firms have been selected, following a competitive procurement process that commenced in September 2024 and saw twenty-seven bids being submitted to NPTAB. In keeping with the Request for Bids, the evaluation was on a lots basis where the most substantially responsive bidder in relation to the combined lots was determined in keeping with the evaluation criteria, DPI said.
The combined premium per barrel to be received by the GoG from these two companies for the crudes from these three FPSOs amounts to US$1.85, reflecting a “substantial 93% increase compared to the US$0.96 premium secured in the previous period” (2023/2024), DPI said.
The duration of this contract will be for twelve months commencing in 2024.
