Quick Comparison: Liza 1 And Payara Developments

(Energy Analytics Institute, 5.Oct.2020) — Major differences in the licenses for the Liza Phase 1 and Payara developments offshore Guyana in the Stabroek Block as provided by Guyana’s Ministry of Natural Resources and summarized here within.

ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block, which is home to the Liza Phase 1 and Liza Phase 2 developments as well as Payara.

RELATED STORY: Hess Sanctions Payara Development, Offshore Guyana

ExxonMobil’s partners in the block include Hess Guyana Exploration Ltd. with a 30% interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, with a 25% interest.


By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.