GEORGETOWN, Guyana– The Guyana government Friday said it is in search of companies to “competitively” market the country’s share of oil entitlement in keeping with a commitment made to launch bids for the marketing of Liza crude.
ExxonMobil Guyana is the first and largest oil producer in Guyana and is the operator of the Stabroek, Canje, and Kaieteur Blocks offshore. Over 25 significant discoveries have been made since May 2015, with production beginning in December 2019 from the Liza Phase 1 development.
The government said the contract duration would be 12 calendar months, with the commencement date scheduled for the last quarter of 2022. The closing date for receiving bids is October 11.
Earlier this week, the Ministry of Natural Resources advertised marketing services for the sale of crude from the Liza Destiny and Liza Unity FPSO vessels consistent with the country’s procurement guidelines.
It said that the companies would be responsible for providing all functions of marketing, as well as assessing regional and global demand centers and providing support and guidance to the government in all functional and back-office responsibilities of managing these crude sales.
The government said that companies that wish to submit bids must have detailed knowledge, a respected marketing presence and a history in the global crude oil market, and other requirements. “Specifically, they must possess at least ten years of experience in crude oil marketing and trading – within the last ten years as a company” and “experience in crude oil trading and marketing volumes by geography over the last five years with similar verifiable services with national oil companies and governments.”
The successful companies must also have engaged in crude oil trading and marketing volumes of no less than 20 million barrels within the last year.
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