Caribbean News
BP International Limited Selected to Market Guyana’s Share Of Crude
By Sherrica Thompson
Staff Writer
#Guyana, November 30, 2022 – The Government of Guyana has announced that UK’s largest energy company, BP International Limited, has been selected out of fourteen (14) bids to market the country’s share of crude oil produced over the next year from the Liza Destiny and Liza Unity offshore platforms.
BP International succeeds Aramco, which had marketed the country’s share for the past year.
Under the Production Sharing Agreement, Guyana is entitled to 50 per cent of the profit oil share and would be
With 11 billion barrels found to date, Guyana is said to be home to one of the largest oil discoveries over the last decade.
As the new marketer, BP International is expected to “provide support and guidance to the Guyanese Government in all operating and back-office responsibilities of managing the crude sales.”
In addition, the UK company will also “support the government in the continued introduction of the grade to multiply geographies and refinery systems, and provide benchmark and performance comparisons of prices paid for Guyana’s crude.”