GEORGETOWN, Guyana, CMC —The Guyana authorities stated that on Monday, it awarded contracts to market the nation’s share of crude from the three floating manufacturing storage and offloading (FPSO) vessels.
In an announcement, the Ministry of Pure Sources stated utilizing the Nationwide Procurement and Tender Administration Board (NPTAB), the contracts have been awarded to BB Vitality Buying and selling Restricted below the Liza Unity and Prosperity FPSOs and JE Vitality by way of the Liza Future FPSO.
“The worldwide companies have been chosen, following a aggressive procurement course of that commenced in September 2024 and noticed twenty-seven (27) bids being submitted to NPTAB,” the ministry stated.
It stated that, in step with the Request for Bids, the analysis was on a tons foundation, and probably the most considerably responsive bidder in relation to the mixed tons was decided in step with the analysis standards.
“The mixed premium per barrel to be obtained by the federal government of Guyana from these two corporations for the crudes from these three FPSOs quantities to US$1.85, reflecting a considerable 93 % enhance in comparison with the US$0.96 premium secured within the earlier interval (2023- 2024),” the assertion stated.
It stated that the length of the contract shall be for 12 months.
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