UK oil traders to market Guyana’s oil for second year

The two United Kingdom firms that last year marketed Guyana’s oil from two offshore platforms in the Stabroek Block will be doing so again, for a one year fiscal period.

“The Government of Guyana (GoG), through the Ministry of Natural Resources, is pleased to announce 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 as follows: BB Energy Trading Limited – Liza Unity and Prosperity FPSOs; JE Energy – Liza Destiny FPSO,” the Ministry of Natural Resources yesterday said in a statement. 

“…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.”