Friday, December 9, 2022

CGX says US$21.8M already spent on Berbice Deepwater Port; pushing for 2023 completion

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CGX Energy Inc. has expended some US$21.8 million to complete a substantial portion of its massive Berbice Deepwater Port, the company said in a recent status update.

Thus far, CGX has completed 40,000 square meters quayside laydown yard, the rip rap flood protection for the Port and its access bridge along with the needed water and electrical connections.

And in keeping with previous reports of an expected delay due to “certain factors”, CGX said it is pushing for the Port’s completion by 2023 instead of Q4, 2022, as originally envisioned. The company said a revised schedule of completion is being discussed with the contractor with an update expected to be provided to all stakeholders involved “in due course.”

The Berbice Deepwater Port is expected to serve as an offshore supply base for Guyana’s oil industry doubling as a multi-purpose terminal cargo handling base to service agricultural import/export, containerised and specialised cargo.

It will target supply of fuel, mud, cement, water, and electricity and will include a warehouse, workshop, office block, open logistics yard at the port site, and a waste management facility.

Gov’t unhappy with slow progression of CGX’s Berbice Deep Water Port | OilNOW

CGX in the status update listed a slew of motivating factors for developing the Port, chief among which was expanding exploration activities in the Guyana Basin, and in neighbouring Suriname.

The Guyana Shore Base Inc. is currently the largest such facility in the country supporting offshore exploration and production activities. Several other ports are being planned, including the Berbice Deepwater Port, which will further expand capacity.

In highlighting the factors for the area selected, CGX outlined that the Berbice Channel was dredged and maintained at a depth of 8.3 metres at low tide up until 2019. CGX said too that the site location is approximately 11-13 hours sailing to the ExxonMobil-operated Stabroek Block and even shorter to the Corentyne, Kanuku, Orinduik and Demerara Blocks.

It said too that the “location can service import/export of agricultural products and other goods which are transported from the landlocked state of Roraima in Brazil, once the Brazil/Guyana road is completed.”

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