CGX Energy through its wholly-owned subsidiary, Grand Canal Industrial Estates Inc (“GCIE”), announced this morning to the market that it has been engaged in civil works related to the construction of its US$130M Berbice Deep Water Port (“BDWP”) on 30 acres of land on the eastern bank of the Berbice River, adjacent to Crab Island.
Currently, CGX said work is ongoing on the access road and connecting bridge, relocation of utilities, and major construction of the site along the Berbice River. The company noted that the construction of the wharf platform and access trestle is scheduled to begin in September 2021. The facility is designed to have a wharf platform of 220m length and 30m width, accessed by a 50m trestle.
Further to this, CGX said an approved dredging programme is intended to ensure continual unencumbered access to supply and cargo vessels. Depth is targeted to be maintained at a 7 m (23 ft) low-tide draft within the berth area and access channel that leads to the BDWP pier.
Guyana Standard understands that CGX also owns and operates a 16 acres laydown yard in Berbice at Bramfield. This facility, located along the main Corentyne Highway, is fully permitted and operational as a logistics base and will also service the BDWP, which is located 3.2 km from the Bramfield Logistics Yard. The capital cost for the project to 2023 is currently estimated at US$70 million, with a further expansion to construct heavy lift and fabrication facilities being contemplated.
Additionally, CGX said work is on schedule for the operationalization of the offshore oil and gas support shore base by mid-2022 and the operationalization of containerized cargo, agricultural cargo, and specialized cargo terminal by the end of 2023.
Gabriel de Alba, Co-Chairman of CGX was keen to note that company officials are pleased to continue to advance activities in what they believe is one of the world’s most important new oil and gas blocks in the last decade. “The CGX team has worked tirelessly to reach this point in coordination with all our stakeholders. We look forward to providing further details as soon as possible,” Alba expressed.
Expressing similar sentiments, Professor Suresh Narine, Executive Co-Chairman of CGX, stated: “I am incredibly proud of our team as we reach such an important exploration milestone for our organization.”
He added, “I am equally proud of the progress we have made in the development of the Berbice port, which reflects the focus we have on the broader opportunities for the people and businesses of Guyana.”
