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.”
Last year, JE Energy had marketed oil 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.
Neither of the companies charged the government for the marketing. Instead, BB Energy Limited paid 26 US cents on every barrel it sold, while JE Energy paid some 70 US cents.
The government had advertised for marketers for the new fiscal period in September.
“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 had stated. Bidders were told that they may bid for one or more lots, as defined in the bidding documents.
The notice had added that interested bidders could obtain further information by email at jmckenzie@nre.gov.gy or from the address – Permanent Secretary, Ministry of Natural Resources, 96 Duke Street.
When the tenders were opened earlier this month, there were 27 bidders including big names such as Equinor, Chevron, ExxonMobil and Shell.
