Exxon seeking firm to analyse Guyana crude oil sales data

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ExxonMobil Guyana is looking to hire a firm to provide data analysis services for crude oil sales.

A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) is looking to identify suppliers who can collate crude oil sales data and perform prescribed calculations to value crude oil in Guyana.

The selected firm, according to the RFI, would need to collate oil sales information of the Stabroek Block and compute total sale barrels and revenue per prescribed calculation to derive an average sale price per barrel of crude oil sold.

The UK’s BP company beat 13 competitors to win a one-year contract to market Guyana’s share of profit oil from the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels.

BP, which has been in the business for 86 years, won the contract with the lowest bid.

Production data for Liza, Unity Gold Crude show output peaked at 365,000 bpd in June | OilNOW

BP is responsible for all marketing functions, assessing regional and global demand centres, selecting customers and making appropriate transportation arrangements, and providing support and guidance to the client in all operating and back-office responsibilities of managing these crude sales.

Aramco Trading Limited (ATL), a Saudi Aramco subsidiary, was awarded the contract in 2021 for marketing Guyana’s crude from the Liza Destiny; and did the same for Liza Unity when it came on stream. 

Exxon had produced 34.6 million barrels in the first half of 2022, according to the Ministry of Finance’s Half Year report. The Ministry of Natural Resources’ Petroleum Management Programme indicated steadier production in the second half, with more than 10 million barrels produced each month.

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