Delays in sanctioning the ExxonMobil-led Payara project offshore Guyana could result in a gap of more than $1.5 billion of revenues for the project partners and the country if startup lags the original 2023 target date by a year, energy consultancy Rystad Energy said July 15. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Guyana’s government could generate around $4.4 billion in oil production revenues by 2028 from Payara, one of 16 ExxonMobil discoveries on the country’s deepwater Stabroek block, if the original startup date of 2023 for that project were kept intact, Rystad said. But revenues diminish “quite substantially” if the project is delayed, the consultancy said. A six-month […]