The Government of Guyana through the Ministry of Natural Resources has announced that BP International Limited has been selected to market Guyana’s share of petroleum from the Liza Destiny and Liza Unity floating production storage and offloading (FPSO) vessels.
The award for the contract comes after the completion of a competitive procurement process launched by the Ministry of Natural Resources. The Ministry opened a Request For Bids from September 16, 2022 to October 11, 2022 after the previous marketing contract with Aramco Trading Limited ended.
According to DPI, fourteen (14) bids were received by the National Procurement and Tender Administration Board (NPTAB).
The procurement board appointed an Evaluation Committee to review the bids. After the evaluation, BP International was recommended by the committee. The recommendation was was cleared by NPTAB and received Cabinet’s ‘no objection’.
The duration of this contract will be for twelve (12) months.
The marketer will provide the following services:
- Provide support and guidance to the Government of Guyana in all operating and back-office responsibilities of managing the crude sales and each individual lift whilst facilitating timely and cost-effective crude operations;
- Support the government in the continued introduction of the grade to multiply geographies and refinery systems, and provide benchmark and performance comparisons of prices paid for Guyana’s crude;
- Work closely with the government to understand the behaviour and yields of the Liza blend and how these can affect pricing differentials.
The Guyana Government has indicated that it will continue to employ transparent and international best practices in the management of the nation’s petroleum resources so as to attain maximum returns and advance the livelihoods of all citizens.
Photo credit: www. bp.com