Saudi Aramco, Equinor, Eni, ADNOC among 25 bidders vying for Guyana’s crude marketing contract

In a highly competitive bid, 25 prominent companies from around the world are vying for the crude marketing contract for Guyana’s oil entitlement from the Stabroek block. 

The list of contenders includes energy giants such as Saudi Aramco, Equinor, Eni, and ADNOC, alongside other global players. The contract, which is set to be awarded between late October and early November, has attracted significant interest in the oil industry.

Previously, BP Oil International Limited secured a one-year contract to market Guyana’s crude, winning the bid against 13 competitors. BP took over from Aramco Trading Limited, a subsidiary of Saudi Aramco, on October 31, 2022. 

Currently, crude production is ongoing from the Liza 1 and 2 projects, with a combined output of 381,000 barrels per day (bpd). The commencement of production for the Payara blend is expected in the third quarter of 2023, coinciding with the Prosperity Floating Production Storage and Offloading vessel’s operational start.

Guyana’s oil output is on a trajectory to surpass 600,000 bpd by early 2024, making it a key player in the global oil market. 

Here is the list of the 25 companies vying for Guyana’s crude marketing contract:

1. Repsol Trading, S.A (Spain)
2. BP Oil International Limited (United Kingdom)
3. Equinor ASA (Norway)
4. PetroChina International (America) Inc.
5. Mercuria Energy Trading SA (Switzerland)
6. ENI Trading & Shipping Inc. (Italy)
7. Aramco Trading Company (Saudi Arabia)
8. Petraco Oil Company Limited (Italy)
9. Aramco Trading Limited (Saudi Arabia)
10. HESS International Sales LLC (USA)
11. Exxon Mobil (USA)
12. Gunvor SA (Switzerland)
13. Trafigura PTE Limited (Singapore)
14. Vitol SA (Switzerland)
15. Glencore Energy UK Limited
16. CNOOC Trading (Singapore) PTE Limited
17. Chevron products company (a division of Chevron USA Inc.)
18. ADNOC Trading Limited (Abu Dhabi)
19. (Totsa) Total Energies Trading SA (Switzerland)
20. Shell Western Supply & Trading Limited (Bahamas)
21. BB Commodities Limited (now operating as BB Energy Trading Limited)
22. JE Energy Limited
23. Unipec America Inc.
24. SOCAR Trading SA (Geneva)
25. Cathay Petroleum International Limited (Singapore)