Gov’t seeking up to US$2B insurance coverage from Exxon for Yellowtail project – Carib Vibe Radio

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Gov’t seeking up to US$2B insurance coverage from Exxon for Yellowtail project

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With an average of 124,000 barrels of oil now being pumped daily offshore Guyana nearly two years since oil production started, there is still no agreement on oil spill insurance and government appears to have backpedal-ed from pressing for unlimited liability coverage to now setting for only about US$2 billion.

The article Gov’t seeking up to US$2B insurance coverage from Exxon for Yellowtail project appeared first on Stabroek News.

Gov’t seeking up to US$2B insurance coverage from Exxon for Yellowtail project

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