Government is hoping that within a week the technical teams reviewing the evaluation of plans for the development of ExxonMobil’s Payara oil field will have submitted a licence agreement to the Office of the President.
“We have reached a stage where we have a draft licence agreement…the technical and legal team from the energy department is engaging the technical team from ExxonMobil…there are a number of issues at the technical and legal level that has to be worked out but hopefully in the next couple of days we can have most of those issues ironed out at that level and then we will engage Exxon,” Minister of Natural Resources Vickram Bharrat told Stabroek News yesterday.
According to Bharrat the current review team is solely comprised of technical persons including international consultant Canadian Queen’s Counsel Alison Redford but once their work is completed it will be forwarded to his office then to Vice President Bharrat Jagdeo and President Irfaan Ali.