Tag Archives: Esso Exploration and Production Guyana Limited (EEPGL)

GUYANA: Govt. to now secure oil spill insurance from ExxonMobil – VP Jagdeo

03/26/2022 – 2:00 pm

— Govt. finally buckles under pressure of two year protest  …to now secure insurance from ExxonMobil for any Stabroek Block oil spill

March 26 – Kaieteur News – After two years of protest from citizens for full liability insurance coverage from oil giant ExxonMobil, in the unfortunate event of an oil spill in the country’s waters, Vice President Bharrat Jagdeo has finally come on record to assure that his administration is now working with the parent company to secure such guarantee. Jagdeo made the revelation on Thursday March 24, during an interview with one of the government’s communications specialist, Eddie Layne.

Since the startup of its oil operations in December 2019, ExxonMobil has evaded demands to provide insurance coverage, and instead tied its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) to providing this guarantee. It has been argued however that EEPGL, being a fairly new company, with assets worth only around US$5 billion, would not be able to effectively cover all costs associated with an oil spill in Guyana, should such an adverse event occur.        Continue reading →

By guyaneseonline | Posted in Business, Disasters, Economics/Finance, Environment, Government, Guyana, legal, Oil Exploration, Personalities | Also tagged , , , | Comments (1)

GUYANA: OIL: Despite Exxon’s warning of dangers in Canje Block, EPA says go ahead

03/13/2022 – 12:03 am

Mar 08, 2022 – Kaieteur News –

Hundreds of tons of waste will be generated on a monthly basis as oil giant, Exxon through its subsidiary Esso Exploration and Production Guyana Limited (EEPGL), embarks on its 12-well drilling campaign in the Canje Block, but the Environmental Protection Agency (EPA) has exempted the operator from conducting an Environmental Impact Assessment (EIA) for the three-year drilling programme, despite being warned that it could yield adverse effects.

The EPA, in a recently published notice to the public on its website explained that the application by Exxon has been screened by the agency to assess the potential environmental impacts. To this end, the EPA has concluded that the project will not “significantly affect the environment or human health.” However, the operator will be required to prepare and submit an Environmental Management Plan (EMP) for the project.

In its project summary for the 12-well campaign, Exxon pointed out that while similar impacts from its other campaigns could be expected from this project, these could be adverse.          Continue reading →

By guyaneseonline | Posted in Business, conservation, foreign investment, Government, Guyana, Oil Exploration, Technology | Also tagged , , , , , | Comments (2)

OPINION: The Gas to Energy Project: More questions than answers?

07/21/2021 – 1:00 am

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The Environmental Protection Agency (EPA) published a Public Notice on June 25, 2021 stating that an Environmental Impact Assessment (EIA) was required for the “Gas to Energy Project” led by Esso Exploration and Production Guyana Limited (EEPGL). EEPGL is a wholly owned subsidiary of ExxonMobil, the 10th largest Fortune 500 company with 72,000 employees worldwide.

The Guyana Environmental Protection Agency (EPA) also provided a schedule of virtual as well as face to face consultations for citizens and other concerned stakeholders to contribute to a “scoping” exercise – which the EPA says will contribute to determining the scope for the Environmental Impact Assessment (EIA) for the project.      Continue reading →

By guyaneseonline | Posted in Business, foreign investment, Government, Guyana, Oil Exploration, Personalities, Politics | Also tagged , , , , | Comments (3)
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