Shell Western Supply and Trading Limited will buy Guyana’s first 3 lifts of crude oil.
The announcement came from the Department of Energy (DE), which also revealed that Phase 1 of its two-step crude marketing process is close to completion.
The agency had previously announced a two-phased approach to lifting and marketing of Guyana’s crude, and according to a statement from Director of Energy, Dr. Mark Bynoe, the agency remains committed to its timeline.
This month’s first phase is a direct sale process with the second being an open market Request for Proposals (RFP) in early 2020. That phase will be for an agent to market Guyana’s crude entitlements from the Liza 1 field on a term basis.
The department said this was necessary to allow for, amongst other things, adequate preparation in structuring and completing the RFP for marketing in early 2020.