More than 20 companies including Exxon competing for Guyana’s oil marketing contract

GEORGETOWN,  (Reuters) – More than 20 companies including Exxon Mobil (XOM.N), a unit of Saudi Aramco, BP (BP.L) and Shell (SHEL.L) have submitted bids to compete for a contract to market Guyana’s share of oil production, the government said on Tuesday.

The 12-month contract, which allows the country to export its portion of crude produced offshore by a consortium led by Exxon, had in previous years been awarded to Shell (SHEL.L), a unit of Saudi Aramco and BP.

A short list from the wide pool of bidders is expected to be done soon by Guyana’s National Procurement and Tender Administration Board.