The Government of Guyana is inviting highly qualified consultancy firms to submit technical and financial proposals for the review and evaluation of ExxonMobil’s Field Development Plan (FDP) for its US$9B Yellowtail Project which is targeting 250,000 barrels of oil per day at the Stabroek Block.
According to the tender document seen by OilNOW, interested companies would be required to conduct an in-depth review of the Yellowtail FDP which includes all supporting and reference documentation, along with the related environmental and social impact assessments (ESIA) submitted by the Licensees.
The government said this in-depth review must include, at a minimum, an assessment of the strategy and the development model, as well as the criteria for the choices that have been made by the Licensees including cost effectiveness, and potential alternatives; as well as the engineering, geological and geophysical interpretations, simulations, and estimations including recovery factor efficiency using natural gas injection and available natural gas for export.
The consultancy firm chosen would also be expected to examine the proposed project schedule, including tail end production and the well and reservoir management strategy, taking into consideration the government’s no flaring policy.
Further to this, government wants the selected company to examine the associated financial models, economic analyses and cost estimates and reports towards ensuring financial optimization of oil and gas recovery profiles; the Health, Safety, Environment and Social (HSES) impacts and proposed mitigation; the decommissioning plan and budget; the natural gas utilization plan for the field and the overall risk management strategy as produced by the Licensees.
The government also has a keen interest in understanding how the Stabroek Block Licensees have incorporated the learnings from previous FDPs and related studies.
Furthermore, bidders would be required to prepare a report setting out the opinions formed in the evaluation of the FDP and ESIA, addressing, at minimum, compliance or non-compliance with Guyana’s legislative framework as well as international best practices and industry standards including any deficiencies, unresolved issues and areas of additional assessments or technical analysis that the government should request from the Licensees before making a determination on the FDP.
The PPP/C Administration said it will expect the selected company to support the Natural Resources Ministry’s engagements and information exchanges with the Licensees and provide on-the-job training to the ministry and Sector Regulator during the FDP evaluation process.
Support for the drafting of the Yellowtail Petroleum Production License is also listed as part of the Scope of Work.
It is anticipated that contract negotiations with the selected firm would commence around February 1, 2022 and the assignment would commence around February 7, 2022 and last for approximately 50 days.
The proposals from interested applicants must be submitted no later than January 20, 2022 on or before 9:00hrs to the Chairman of the National Procurement and Tender Administration Board.
