September time-frame for Payara approval “very important” – Neil Chapman - Panorama Insurance Brokers

September time-frame for Payara approval “very important” – Neil Chapman

Guyana Government approval of the 220,000 barrels per day Payara Development Project by September is being viewed as “very important” if ExxonMobil is to capitalize on a crucial window of opportunity to get the project going without further delays.

The project was initially expected to be sanctioned last year, with a startup in 2023 but has been facing government approval challenges for several months as an electoral crisis in the South American country deepens.

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