Exxon among companies shortlisted to market Guyana’s crude

ExxonMobil is among five United States companies that have been shortlisted to market Guyana’s crude, the Ministry of the Presidency announced on Friday.

The other companies are: China Offshore Oil (Singapore) International Pte Ltd; Hartree Partners LLP; Mercuria Energy Trading SA; Shell Western Supply and Trading Ltd.; Mercantile and Maritime (IMMS Ltd.); BP Products North America Inc; BB Energy Trading Limited; Freepoint Commodities; Sinochem International Oil (London) Company Limited; Cathay Petroleum International Limited; Petraco Oil Company Limited; Total Oil Trading SA; Lukoil Oil Company / Litasco SA; PetroChina International (Brazil) Trading Limited; Equinor ASA; Vitol SA; Glencore Limited and Petrobras Global Trading BV.

Earlier on Friday the Department of Energy disclosed that the 19 companied were shortlisted. In a release the department said Guyana intends to hire an Oil Marketing / Trading Company in 2020, for the Marketing Services of the Cooperative Republic of Guyana’s Crude Oil Entitlement from the Liza Destiny FPSO Vessel. According to the release as part of this process, the Department of Energy issued an invitation for Expression of Interest in February 2020. Thirty-four companies replied with an Expression of Interest. “A five member Evaluation Committee was formed tasked with producing a Shortlist of Companies, after a detailed check of each Firm’s Expression of Interest for general and technical data in relation to qualifications and experience pertinent to the assignment at hand, and as was required to be submitted in the request for Expression of Interest,” the release stated.

This activity has now been completed successfully and the Shortlist of Companies, 19 in total, will progress at the next phase of the procurement process and exclusively and at the same time, receive the Request for Proposal (RFP). The Department of Energy said it is looking forward to successfully completing this next Phase and appointing a Marketing partner.