Background

December  20, 2019  marked  a  historic  milestone  for  Guyana,  as  ExxonMobil and  its  partners  produced  the  first  commercial  crude  from  the  Liza  field located approximately 120 miles off shore the coast of Guyana in the Stabroek Block. The Stabroek Block is expected to produce up to 750,000 bpd by 2025.

ExxonMobil  successfully  drilled  several  deep-water  exploration  wells,  which now makes the Cooperative Republic of Guyana an oil producer.  The seafloor beneath Guyana's coastal waters contains one of the largest oil discoveries in recent years, placing Guyana in the top 40 reserve holders in the world. 

The Government of the Cooperative Republic of Guyana (the "Government") intends  to  hire  an  Oil  Marketing  /  Trading  Company  for  the Marketing Services   of the   Cooperative   Republic   of   Guyana's   Crude   Oil Entitlement from the Liza Destiny FPSO Vessel.1.4.Bidding  will  be  conducted  through  the  International  Competitive  Bidding procedures specified in the Laws of Guyana: Ch 73:05 -Procurement Act: Part VI.