Page 7 - LatAmOil Week 07 2023

LatAmOil VENEZUELA LatAmOil

The two new tankers will be built in SADRA’s shipyards in Bushehr (Photo: SADRA)

The National Iranian Oil Refining and Dis- In the meantime, according to the tanker
tribution Co. (NIORDC) has also signed a monitoring firm TankerTrackers.com, two
€460mn contract with PdVSA to revamp the vessels chartered by Iran’s Naftiran Intertrade
955,000-barrel per day (bpd) Paraguana refin- Company (NICO), namely the supertankers
ery complex. Wen Yao and Sea Cliff, are expected to deliver
The deal is designed to help end Venezuela’s Iranian condensate to Venezuela this month as
reliance on US refinery technology. part of an oil swap with PdVSA. ™

GUYANA
ExxonMobil confirms plan to bid for

additional blocks offshore Guyana

EXXONMOBIL’S Guyanese subsidiary has
confirmed that it intends to make an offer for
some of the 14 new blocks that Georgetown
began offering to investors in December of last
year. Alistair Routledge, the president of the US
super-major’s Esso Exploration and Production
Guyana Ltd (EEPGL) affiliate, stated on Febru-
ary 9 that his company had registered to partic-
ipate in the current bidding round.
“We are always interested in new acreage,
and clearly where we had some success, it brings
a certain degree of interest and we should be
knowledgeable of it,” Routledge stated.
He did not say whether EEPGL was eyeing
any specific sites. Instead, he indicated that the EEPGL President Alistair Routledge (Photo: Facebook/@ExxonMobil Guyana)
company was evaluating the data made available
to potential investors on the 14 new blocks and EEPGL is currently the leading investor in
would make a final decision (FID) once George- Guyana’s burgeoning oil sector, as it is the larg-
town fixed and published the terms of the new est shareholder in and operator of Stabroek, the
production-sharing agreements (PSAs) that offshore block that contains the country’s only
would be offered to the winners of the auctions. producing oilfields.

Week 07 15•February•2023 www. NEWSBASE .com P7