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's share 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, TotalEnergies,
Chevron ( CVX ), ADNOC, Gunvor, Vitol
, PetroChina, CNOOC and Eni
.
A consortium led by Exxon Mobil ( XOM ) 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.