The massive deep-water port being constructed by CGX Energy in Guyana means major development for the county of Berbice. But recently, the pace at which the project is being developed has become a concern for the government.
Minister of Natural Resources, Vickram Bharrat told OilNOW on the sidelines of an event on Tuesday that the company has received a warning from the government.
“We would have indicated to the company that we are not pleased at all with the pace at which the work is moving ahead,” Mr. Bharrat indicated.
According to the natural resources minister, CGX indicated no reason for the slowed progress but committed to ensuring that the project is completed on schedule.
Asked whether it could be linked to the company’s recent relinquishment of the Demerara and Berbice offshore oil blocks, Mr. Bharrat answered in the negative.
“I would not say there is a connection,” he told OilNOW.
Both blocks amounted to a combined 1.1 million acres; CGX is now focusing its attention on the Corentyne block and the deep water harbour.
The port facility will service the oil and gas industry and cater to agriculture, commercial and tourism needs.
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.
According to CGX’s deadlines, the offshore supply base portion of the port is expected to be fully operational in Q3, 2022, with the multi-purpose terminal, servicing agricultural, general, and containerised cargo being fully operational at the end of Q4, 2023.