CGX’s Logistics Yard to service development of Guyana Deep Water Port

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CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) will in 2020 begin construction of phase 1a of the deep-water port at the mouth of the Berbice River in the South American country of Guyana.

In addition, the company has constructed a logistics yard and wharf that will be accessible to the deep-water port facility, according to CGX’s Annual Information Form for the year ending December 31, 2019.

The CGX document said that the 16-acre logistics yard “is functional” and will service Phase 1a of the Deep-Water Port Facility until its functions are relocated to the 55-acre plot on the bank of the Berbice River at a later date.

In November of 2019, the company had made a request for proposals for the provision of infrastructure services as part of the construction of the deep-water port, located at Crab Island in the Berbice River. This location “has been cited as the most strategic for a deep-water port facility servicing the oil and gas and agricultural industries in Guyana by a number of international studies. The location also has the advantage of being very close to the rapidly developing offshore oil and gas industry in Suriname,” the company said.

CGX had invited eligible and qualified contractors to bid for the construction of a wharf platform and approach trestle; for the resurfacing of a road and access way to the port site and the construction of two bridges.

CGX Resources (CRI) is the operator of the Corentyne Block under a joint operating agreement with Frontera Energy Guyana Corp (FEGC). CRI has a 66.667% participating interest in the block, with FEGC holding a 33.333% interest in the block.

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1 COMMENT

  1. Yes I expect most financial institutions are looking to finance projects like this in the oil and gas sector.

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