Chevron Drops $2bn Guyana Port Study as Oil Giants Clash

CLAVE 1 / 4Chevron has pulled out of financing the $1bn–$2bn Berbice deepwater port feasibility study in Guyana.

CLAVE 2 / 4The port, designed to support offshore oil logistics, could serve as a transshipment hub for northern Brazil and include a refinery and fertilizer plant.

CLAVE 3 / 4ExxonMobil (45%) and CNOOC (25%) remain stakeholders in Guyana’s Stabroek Block, while Chevron holds 30%.

CLAVE 4 / 4Guyana’s main port, Georgetown, has a maximum draft of 9.7 metres, limiting access for larger vessels.

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