Abu Dhabi, Norway, T&T NOCs among 14 vying to market Guyana crude

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As the Guyana government looks to market its share of crude from the Liza 1 and 2 developments in the Stabroek Block, 14 companies have tendered bids to secure this crude marketing project.

The successful company will be taking over from Aramco Trading. The new contract, to begin in the fourth quarter of 2022, is expected to last one year.

Some of the largest oil producers in the world (or their affiliates) are represented on the list of bidders, including Equinor, TotalEnergies, Abu Dhabi National Oil Company (ADNOC) and CNOOC. Closer to home, Trinidad and Tobago’s newest state-owned oil and gas company, Heritage Petroleum, also made the list.

Here is the complete list, from Guyana’s National Procurement and Tender Administration Board (NPTAB):

   
Company’s name Country of origin
Equinor ASA Norway
Petraco Oil Company Limited Brazil
PB Oil International Limited United Kingdom
Total Energies SE/ TOT SE France
Petro China International American Incorporated United States
Shi – Oil Guyana
ADNOC Trading Limited United Arab Emirates
Heritage Petroleum Company Limited Trinidad and Tobago
CNOOC Trading Sinco Limited China
Vitol SA Switzerland
BB Energy Trading Limited United Kingdom
Gunvor SA Switzerland
Trade Oil Sarl West Africa
Tullet Prebon Americas Corporation United States

 

The marketers’ responsibilities will include making appropriate transportation arrangements and providing support to Guyana in all operating and back-office responsibilities related to managing crude sales while facilitating timely and cost-efficient crude oil operations.

Presently, two projects are in operation offshore Guyana.

Liza Phase 1 has the capacity to produce around 140,000 barrels of oil per day; it would offload crude every 7-9 days at this rate. Phase 2 can produce approximately 220,000 barrels per day and typically offloads every four to six days.

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