GEORGETOWN, Guyana, CMC -The Guyana government is urging the private sector to design, finance, construct and operate the required gas infrastructure to support upstream development.
The Ministry of Natural Resources wants the private sector investors to propose how they can construct a centralised gas connection, storage and transport facility for all natural gas accessed and produced by all oil companies operating in Guyana.
“The Government of Guyana (GoG) is seeking the safe and timely development of its gas resources as well as creating an open-access infrastructure system for all existing and future Upstream participants to support current and future Upstream developments in Guyana,” the ministry states in its In its Request for Proposals (RFP).
In the RFP, the ministry defines “Upstream” as meaning the upstream oil and gas developments including the necessary pipelines to connect, as needed, to such gas infrastructure required to monetize upstream gas
The strict deadline for submission to the National Procurement and Tender Administration Board is February 27, 2024.
“All late submissions shall be rejected and returned to Applicants unopened,” the RFP notes, adding that proposals will be valid from 120 days from the date of opening.
The Ministry of Natural Resources said it envisages that the project will be strictly financed and owned 100 per cent by the private sector.
As part of this RFP process, the selected applicant, if any, with the most optimum solution for the project, will be allowed to exclusively “negotiate with the government of Guyana for its entitlement of gas to ensure the viability of the project and the overall value chain”.
The Irfaan Ali government said it wants prospective developers to state in their proposals, their capability and credibility to execute such a project; clear written agreements among the parties, and if a consortium, evidence of consortium agreement for this project; site Plan for the project; summarized and detailed project schedule; project costs and project structure diagram.
The proposals will also have to include a business plan; list of legal agreements, proposed capital structure and details of proposed Local Content.
President Ali, who addressed the commissioning of a wharf facility on the West Bank Demerara over the weekend, said that the project would “look at how we are going to utilise our gas to stimulate wealth and create opportunities in positioning Guyana as an important capital in the energy security matrix of the region”.
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