Bayphase Ltd. awarded contract to Exxon’s third development plan
The Department of Energy has selected Bayphase Geologists, Engineers and Investment Analysts Limited (Bayphase Ltd.) to review ExxonMobil’s third Field Development Plan (FDP).
The firm is now invited to submit a Technical and Financial Proposal.
In a statement from the Ministry of the Presidency on Tuesday, it was disclosed that Bayphase Ltd. was selected from eleven Expressions of Interest (EOI’s) international firms which submitted interest for Consultancy Services to support Oil and Gas Project Development Evaluation for the Payara Field offshore Guyana.
According to the Ministry, the team of evaluators were largely exclusive to the Department of Energy and Bayphase was “the highest-ranked evaluated firm.”
“The Combined Evaluation Report and the recommendation for Contract Award were subsequently approved by the National Procurement and Tender Administration Board,” said the Ministry.
The contract commenced December 30, 2019, and is expected to last for a period of four months.
Under this consultancy, Bayphase is expected to provide advisory services and technical support to the Government of Guyana through the Department of Energy as the country seeks to rapidly build its in-house technical capacity.
The project includes an in-depth review of the Payara field development plan (FDP), environmental impact assessment (EIA) and supporting documents. It also includes on-the-job training for Guyanese and preparation of draft national FDP guidelines.
Among the beneficiaries of training from Bayphase will be the Environmental Protection Agency (EPA), Department of Energy (DE) and the Guyana Geology and Mines Commission Petroleum Division (GGMC-PD).
It is expected that this consultancy will help to advance the Department’s strategy in rapidly building national capacity; in addition to levelling the playing field between state actors and the highly experienced international private sector operating in Guyana’s petroleum sector, according to the Ministry’s statement.