Guyana seeking new marketer for its oil

As the current contract with British oil major, British Petroleum (BP) nears an end, the Government of Guyana is seeking a marketer for its oil share from three Floating Production, Storage and Offloading (FPSOs) platforms. 

“The Ministry of Natural Resources (MNR) hereinafter referred to as ‘the Procuring Entity’, invites eligible bidders to submit their bids for execution of the Provision of Marketing Services for the Cooperative Republic of Guyana’s Oil Entitlement from Lot 1 – Liza Destiny FPSO Vessel, Lot 2 – Liza Unity FPSO Vessel and Lot 3 – Payara Prosperity FPSO Vessel,” the Ministry of Natural Resources yesterday advertised.

“The objective of the Assignment is to competitively market and maximize the value of the Government’s crude oil entitlement from developments in the Stabroek Block and create a competitive market for the Liza, Unity Gold, and Payara Gold Blends,” it added.