19 companies shortlisted for lifting Guyana’s Liza Crude

Must Read

First Guyanese security firm attains ISO certification, looking to tap into O&G opportunities

Through the assistance of the Center for Local Business Development (CLBD), another Guyanese firm - MMC Security...

Suriname oil discoveries estimated at 1.4 billion barrels – Rystad Energy

Norway-based independent energy research and business intelligence company, Rystad Energy, says the three discoveries made offshore Suriname...

Liza 1 & 2 ‘will provide low cost energy for years to come’ – Hess CEO

Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

South America’s newest oil producer, Guyana, is one step closer to hiring a firm to market its share of Liza Crude.

The Department of Energy (DE) had issued an invitation for Expression of Interest in February 2020 which saw 34 companies responding including several oil majors and commodities traders.

In a press update on Friday, DE said a five-member Evaluation Committee was formed tasked with producing a Shortlist of Companies after a detailed check of each Firm’s Expression of Interest for general and technical data in relation to qualifications and experience pertinent to the assignment at hand, and as was required to be submitted in the request for Expression of Interest.

“This activity has now been completed successfully and the Shortlist of Companies, 19 in total, will progress at the next phase of the procurement process and exclusively and at the same time, receive the Request for Proposal (RFP),” DE said.

The successful completion of the next phase in this process will see the appointment of a marketing partner for lifting the Liza Crude.

Shell Western Supply and Trading Limited was hired to lift the country’s first three 1-million-barrel oil cargoes, two of which have already been sold with a total of approximately 3 more lifts remaining for 2020.

The new contract with the successful company would be for 12 months and involve five lifts of some 1 million barrels each over that period.

Projected lifting costs for Liza partners will be just over $10 per barrel for the full year, according to Ruaraidh Montgomery, director of research at Houston-based consultancy Welligence.

Guyana began producing oil at the Liza Phase 1 Development in the ExxonMobil-operated Stabroek Bock in December 2019.

See list of shortlisted companies below:

- Advertisement -

Latest News

Suriname oil discoveries estimated at 1.4 billion barrels – Rystad Energy

Norway-based independent energy research and business intelligence company, Rystad Energy, says the three discoveries made offshore Suriname...

First Guyanese security firm attains ISO certification, looking to tap into O&G opportunities

Through the assistance of the Center for Local Business Development (CLBD), another Guyanese firm - MMC Security Force Company - has been...

Guyana’s history with oil dates back centuries

The possibility of Guyana having petroleum stemmed from observations of petroliferous occurrences recorded by Dutch explorers since the 1750s, but it was not until...

Liza 1 & 2 ‘will provide low cost energy for years to come’ – Hess CEO

Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale in the move towards renewable...

Bharrat outlines more measures for managing Guyana oil resources

Guyana’s Minister of Natural Resources, Vickram Bharrat, has outlined a number of new policy directions for the extractive sectors including oil and...

More Articles Like This