Guyana receives offers from major firms for oil marketing contract
Adds info on offers submitted
By Kemol King and Ahmad Ghaddar
GEORGETOWN, Oct 1 (Reuters) -Guyana on Tuesday received bids from major energy companies seeking a 12-month marketing contract to trade the government'sshare of crude produced in the country, the country's National Procurement and Tender Administration Board said.
A total of 27 offers were received, the board said, including bids by Shell SHEL.L, TotalEnergies TTEF.PA, Chevron CVX.N, ADNOC ADNOC.UL, Gunvor GGL.UL, Vitol VITOLV.UL, PetroChina 601857.SS, CNOOC 0883.HK and Eni ENI.MI.
A consortium led by Exxon Mobil XOM.N controls all oil and gas output in the South American country through three active projects, while the government is entitled to a portion of output as part of a production sharing agreement.
Guyana's light sweet crude grades - Liza, Unity Gold and Payara - have been very well received by refiners since the country inaugurated output in 2019. Last year, a larger portion of exports went to Europe to meet its demand.
The bidders were allowed to make proposals to market crude from a single project or a combination of several. The contract will begin next month, and the government intends to deliver its portion of output in 1-million-barrel cargoes, according to a copy of the tender seen by Reuters.
Guyana expects to receive and deliver for marketing about 23 cargoes in the 12-month period, but final numbers will depend on production rates, the tender added.
Trading firm JE Energy is currently marketing the government's share of crude produced at the Liza 1 project, while firm BB Energy markets the government's share from the Liza 2 and Payara projects, following a similar tender last year.
Reporting by Kemol King and Ahmad Ghaddar, writing by Marianna Parraga
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