Guyana Shore Base seeking IDB loan for US$130M Houston expansion

The Guyana Shore Base Inc (GYSBI) is seeking Inter-American Development Bank (IDB) financing to expand its Houston facility to potentially provide support for up to five floating production storage and offloading (FPSO) units, among other upgrades.

ExxonMobil has said that its planned scale of operations is too large for GYSBI to solely meet its needs and in March of this year advertised for firms to show their onshore support services capabilities.

While it is unclear if the company has secured any commitments from ExxonMobil on providing additional supports services, the IDB project summary for GYSBI’s proposal states that the financing would help it to build additional berths at its Houston Port to accommodate the increased number of ships to be associated with future oil and gas operations.