The technical and legal teams from the Department of Energy remain in talks with ExxonMobil on the proposed agreement for the Payara Field Development Plan, Minister of Natural Resources Vickram Bharrat told Stabroek News last night.
He said he remains hopeful that an agreement can be signed shortly.
According to Bharrat, with the draft licence agreement in place they have to go through the “mediation period” as they seek to iron out environmental concerns surrounding gas flaring and dumping of waste water.