Exxon Guyana Head Warns On Payara Investments

(News Room, 26.Aug.2020) — ExxonMobil could take the money for its third development project, called Payara, elsewhere if it does not get a favourable plan from local authorities jn a timely manner. The new PPP Government has brought in a team, led by a Canadian expert, to review the contract. Exxon’s new Country Manager Alistair Routledge told a group of reporters that if the development plan is not approved soon, Exxon could take its money elsewhere.

The Payara development plan includes a floating production, storage and offloading (FPSO) vessel, named Prosperity; it is expected to produce 220,000 barrels per day. The development is similar to that of Liza phase 1 and 2, Payara will have up to 45 wells, including production wells, water injection wells and gas injection wells. It was expected to start up as early as 2023 and the new ExxonMobil Country Manager hopes the contract could be wrapped to keep the project on course.

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