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After granting the relevant regulatory approvals on April 27, 2023 for ExxonMobil’s fifth oil project in the Stabroek Block, the PPP government has now demanded that a breakdown of the costs for the development be provided within 90 days.
The Government of Guyana through the Ministry of Natural Resources (MNR) on Friday announced the approval of the Uaru Field Development Plan (FDP) and the issuance of the Uaru Petroleum Production License to ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) and its partners, Hess Corporation and CNOOC Petroleum Guyana Limited.
On November 9 2022, the Environmental Protection Agency (EPA) issued its fourth Permit to Esso Exploration and Production Guyana Limited (EEPGL) - ExxonMobil Guyana- to conduct production activities at the Yellowtail development.
Then it's a complete disaster for them. that guy gets fired and disappeared. they replace him with a new guy who says, yeah, we think it will be relatively easy. >> and they have a containment system so in cases of blowout -- by the way, 57% chance they admit that if they continue -- 75% chance that there will be a blowout. so they tested their capping stack in 2012, it cam out looking like a crumpled can. they tested it again, refused to release the results. >> given complaints like that, was it a surprise that the obama administration said go ahead? they've been expressing concerns about cli...
Relatively easy. can we come up with the things that can be harder than the arctic? >> the amazing thing -- so this guy in 2012 says it will be relatively easy. then it's a complete disaster for them. that guy gets fired and disappeared. they replace him with a new guy who comes back and says, yeah, we think it's going to be relatively easy. >> right. they have this special containment system so in case there's a blowout -- by the way, 57% chance they admit that if they continue -- 75% chance that there will be a blowout. so they tested their capping stack, that's what they had to bring up the...