CGX Energy will begin dredging and building the docks shortly for the Berbice deepwater port in eastern Guyana, planned to serve the South American nation's oil and agriculture sectors.
CGX Energy unit Grand Canal Industrial Estates in 2010 acquired a 50-year lease for a 55-acre parcel located near the Berbice River for the project. When complete, it would become Guyana's only deepwater facility.
"The construction of docks and dredging will begin very shortly," CGX Energy Co-Chairman Suresh Narine told attendees at the 2022 International Energy Conference in Guyana. "An EPC contractor is being selected right now."
"The works onshore are well advanced," he said, noting a skilled workforce has been hired for building the port. "We are targeting the end of 2022 for the operation of the offshore supply base component of the port."
CGX Energy's parent company Frontera Energy this week said it anticipates further investments up to $10 million for the project.
The port will mainly serve the oil and gas industry by supplying equipment, fuel, cement, water, and power. It will consist of a 91×30
m wharf platform built out into the channel and accessed via a 49-m-long, 12-m-wide trestle. It will include a warehouse, workshop, office block, open logistics yard, and a waste management facility
The facility could also serve neighboring Suriname. Currently, there are two functional oil and gas ports in Guyana with little room for additional expansion, according to CGX. Guyana has been an exploration hotbed over the past several years with the ExxonMobil-led Stabroek Block hosting several large discoveries.
CGX Energy and Frontera are drilling for oil in Guyana's offshore Corentyne block, where they announced a discovery of oil and gas with the Kawa-1 well. Early wireline logs indicate the well has encountered 200 ft of net pay in multiple zones. Activity on the well is continuing. They anticipate a second exploration well, Wei-1, to be drilled in the second half of the year.
