GEORGETOWN, Guyana, CMC —The Guyana government said that on Monday, it awarded contracts to market the country’s share of crude from the three floating production storage and offloading (FPSO) vessels.
In a statement, the Ministry of Natural Resources said using the National Procurement and Tender Administration Board (NPTAB), the contracts have been awarded to BB Energy Trading Limited under the Liza Unity and Prosperity FPSOs and JE Energy through the Liza Destiny FPSO.
“The international firms have been selected, following a competitive procurement process that commenced in September 2024 and saw twenty-seven (27) bids being submitted to NPTAB,” the ministry said.
It said that, in keeping with the Request for Bids, the evaluation was on a lots basis, and the most substantially responsive bidder in relation to the combined lots was determined in keeping with the evaluation criteria.
“The combined premium per barrel to be received by the government of Guyana from these two companies for the crudes from these three FPSOs amounts to US$1.85, reflecting a substantial 93 percent increase compared to the US$0.96 premium secured in the previous period (2023- 2024),” the statement said.
It said that the duration of the contract will be for 12 months.
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