ExxonMobil to proceed with Payara development offshore Guyana
IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, […]
ExxonMobil to proceed with Payara development offshore Guyana
IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, […]
Statement by the Minister of Natural Resources Hon. Vickram Bharrat, M.P., on Guyana’s 18th Offshore Oil Discovery at the Redtail-1 exploration well
Greetings All, Fellow Guyanese, as Minister of Natural Resources with responsibility for the Petroleum Sector, it gives me great pleasure to announce Guyana’s 18th Offshore Oil Discovery at the Redtail-1 exploration well. This will add to the estimated recoverable resource of more than 8 billion oil- equivalent barrels on the Stabroek Block. The Government of […]
Draft agreement for Payara development under discussion – Vickram Bharrat
Vickram Bharrat, Guyana’s Minister of Natural Resources. (OilNow Photo) (OilNow) A draft agreement for the Payara development has been formulated and will be discussed today by a high-level team comprising individuals from ExxonMobil and the Department of Energy. In August, the newly elected government in Guyana had engaged a team headed by former Premier of […]
Draft agreement for Payara development under discussion – Vickram Bharrat
Vickram Bharrat, Guyana’s Minister of Natural Resources. (OilNow Photo) (OilNow) A draft agreement for the Payara development has been formulated and will be discussed today by a high-level team comprising individuals from ExxonMobil and the Department of Energy. In August, the newly elected government in Guyana had engaged a team headed by former Premier of […]
Evaluation of Bayphase Payara review extended
Natural Resources Minister Vickram Bharrat – Natural Resources Minister says review should be completed this week The Government has agreed to an extension of a few days for the consultants evaluating the review done by British firm Bayphase Limited on the Payara project Field Development Plan (FDP). This was revealed by Natural Resources Minister Vickram […]
Payara review included in-depth assessment of eleven key areas
Stena Forth (OilNow) Through the engagement of a specialist firm in December 2019, the in-depth review of the Field Development Plan (FDP), Environmental Impact Assessment (EIA) and supporting documents for the Payara development also included an assessment of eleven key areas of the project. Bayphase Oil and Gas Consultants, the company that was contracted […]
Team of international experts reviewing Payara contract
Oil Ship offshore Guyana – Aims to ensure the interests of all Guyanese are protected The Ministry of Natural Resources recently announced the review of the Esso Exploration and Production Guyana Limited’s (EEPGL) Payara contract and, in the interest of transparency and accountability, would like to highlight the following facts relating to the review. The […]
Payara review to be completed before August month-end – Vice President
(OilNow) A review of the Payara Development Project that is being undertaken by the new administration in Guyana is expected to be completed before the end of the month after which a decision on its approval is expected to be made. After taking up office just over a week ago, the Government had taken a […]
Payara review to be completed before August month-end – Vice President
payara development (OilNow) A review of the Payara Development Project that is being undertaken by the new administration in Guyana is expected to be completed before the end of the month after which a decision on its approval is expected to be made. After taking up office just over a week ago, the Government had […]