Big oil companies, commodity traders among 34 seeking to market Guyana’s oil

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The operator of the giant offshore block off Guyana, ExxonMobil, along with oil majors BP, Shell and Total are among the oil companies which have put in bids to market Guyana’s share of the oil.

In addition, major commodity traders have also put in bids to take up the position of crude marketer.

The 34 bids were opened on Tuesday at the National Procurement and Tender Administration Board. Below is the full list of those who put in bids:

  1. Govnor SA (Switzerland)
  2. China Offshore Oil Singapore Int’l PTE Limited (Singapore)
  3. Bonroy Petchem Co. Limited (England and Wales) and Guyana Crude Oil LLC (USA)
  4. Enter Resources (Houston, Texas)
  5. MAB Oil Limited (UK)
  6. Hartree Partners LP (USA)
  7. Mercuria Energy Trading SA (Switzerland)
  8. Shell Western Supply and Trading Ltd (Bahamas)
  9. Sacoil Energy Equity Resources Limited (Seychelles)
  10. Mercantile and Maritime (Belize)
  11. Unipec America Inc. (USA)
  12. BP Products North America Inc. (USA)
  13. ExxonMobil (Texas, USA)
  14. PPT Energy Trading Co. Ltd (Japan)
  15. BB Energy (UK)
  16. Freepoint Commodities (Singapore)
  17. Sinochem (UK)
  18. Cathay Petroleum Int’l Ltd. (Hong Kong)
  19. Heritage Petroleum Co. Ltd (Trinidad)
  20. Concord Energy (Singapore)
  21. Petraco Oil Co. Ltd (Guernsey)
  22. Total (Tosa Oil Trading Sa) (Switzerland)
  23. Lukoil Oil Trading and Litasco (Switzerland)
  24. Core Petroleum LLC (USA)
  25. Alsaa Petroleum Shipping (UAE)
  26. Century Tamara Energy Services Inc. (Guyana)
  27. Petro China International Brazil Trading Ltd. (Brazil)
  28. Gladius Commodities Ltd (Nigeria)
  29. Equinor (Norway)
  30. Vitol S.A. (Switzerland)
  31. Glencore Ltd. (USA)
  32. Petrobras Global Trading BV (Netherlands)
  33. Interchem PTE Ltd. (Singapore)
  34. Aramco Trading (UK)

Guyana sold its first three million barrels of oil to Shell, which has so far lifted one million barrels. It was sold for US$55 million.

The new contract would be for five million barrels over a 12-month period.

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