Energy Dept shortlists 19 to sell Guyana’s share of oil

Guyana’s Department of Energy (DoE) has shortlisted 19 top global petroleum commodities’ traders to submit formal proposals for consideration to market and sell Guyana’s entitlements of crude oil from the Liza Destiny in the Stabroek Block.
The announcement was made by the Department on Friday, and those shortlisted include ExxonMobil (USA), Lukoil Oil Company, Petrobras Global Trading BV, and Glencore Limited, among others.
On May 21 last, the Department had disclosed that 34 companies had submitted Expressions of Interest for the “Provision of Marketing Services for Guyana’s Oil Entitlement from the Lisa Destiny FPSO Vessel.”
The companies had been informed that the shortlisted companies would be notified in June.
To ensure adequate expertise in the shortlisting process, the DoE’s Head, Dr Mark Bynoe, had also disclosed that experts were being sought to help to evaluate the prospective marketers.
As such, the DoE stated that 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 (Floating Production, Storage and Offloading) Vessel”, and that as part of the process, a five-member Evaluation Committee was formed to shortlist the companies from the initial list of 34.
The members of the Committee were not identified at the time by the DoE.
It was explained that there were detailed checks of “each firm’s Expression of Interest for general and technical data in relation to qualifications and experience pertinent to the assignment at hand.”
The gamut of shortlisted companies announced by the DoE includes: