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The development of a deep water harbor port and tank farm facility in conjunction with an oil refinery in the Essequibo basin and since forming an alliance with the Guyana government has made stride in the Initial Development 5,500,000 barrels of crude oil storage which will be constructed.
YEAR
2020
MANAGING DIRECTOR
Leanord Augustine
MANAGING DIRECTOR
Moon Tim
Buffer Tanks
The majority of this storage will be constructed on Parcel 19. Buffer tanks and vapor recovery tanks must be constructed on Parcels 4, 38, 34 and 27 to facilitate the loading and unloading processes on the deep-water vessels and barges.
Trucking Facility
The truck loading and unloading facility will be constructed on Parcel 19. This facility will be capable of loading or unloading two trucks simultaneously. Capabilities will exist for loading or unloading of crude oil and refined products. This truck loading facility will also support the crude oil blending facility
Deep Waters
The Deep Water Berths planned for the Terminal will easily accommodate the commonly used Aframax Tankers shown above (typically 750’ to 800’ in length). The new berth will accommodate two 1200’ long tankers on each side of the berth.
YEAR
2021
MANAGING DIRECTOR
Leanord Augustine
MANAGING DIRECTOR
Moon Tim
Deep Waters Contd.
The parties are desirous of entering into a business relationship as stipulated above and including any initiative, or transaction, resulting in a business transaction with any firm that result in the exchange of money, or any other valuable consideration, directly or indirectly. And whereas the parties agree to operate under the laws of the Guyana Government by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project.
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Railway Terminal
The rail terminal will also be located on Parcel 19. It will be located on the north-western edge of the parcel. A sufficient amount of rail will be constructed to accommodate two-unit trains at a time. This rail terminal will be one of the first elements addressed on Parcel 19. It will be a key support element for the crude oil blending process.
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