Approval of Payara project by PPP without trying to renegotiate contract for Stabroek block is a very sad event for Guyana
There seems to be some confusion around what was actually approved with Payara in recent days, or what it means. Simply, the approval of the Payara project (or development), which is the third project in the Stabroek Block, is not an oil agreement nor an improvement of an oil agreement, and does not improve the…