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Govt. awaiting full report on whether ramping up of oil production breaches insurance - Jagdeo

The Government of Guyana (GoG) is awaiting a full report from its technical staff on whether the ramped-up production of oil in the Stabroek Block by ExxonMobil Guyana Limited (EMGL) constitutes a breach of the insurance and US$2B oil spill guarantee lodged by the Co-Venturers.
United States Demerara Mahaica Bharrat Jagdeo Justice Sandil Kissoon Christopher Ram Environmental Protection Agency

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Exxon falsifies records to claim full costs for environmental studies - audit finds

In a recent audit of the Cost Recovery Statement, it was revealed that ExxonMobil Guyana Limited (EMGL) included 100 percent of the costs incurred from Environmental Resources Management (ERM), ERM Guyana, and RPS Group for various environmental studies.
Demerara Mahaica Oil Spill Response Plan Exxonmobil Guyana Limited Cost Recovery Statement Environmental Resources Management Payara Environmental Impact Assessment

Forde urges immediate changes to oil contract

Senior Counsel Roysdale Forde believes that with the numerous concerns uncovered and being raised over 2016 Production Sharing Agreement (PSA) between ExxonMobil Guyana Limited (EMGL) and the Government of Guyana, including more recently, the lack of adequate insurance, the oil deals must be immediately revamped.
Demerara Mahaica Roysdale Forde Bharrat Jageo Christopher Ram Ministry Of Natural Resources Natural Resource Fund

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