Exxon Could Delay Third Guyana Project

Exxon Mobil Corp said on Tuesday that production at the Payara project, its third development in Guyana, could be delayed due to delays in government approvals as the company scales back spending elsewhere due to the crude price crash.

Payara’s startup had been slated for “as early as 2023” and was expected to eventually produce some 220,000 barrels per day of crude, according to Exxon’s website.

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