Oil spill insurance for Exxon’s Yellowtail project will adhere to law – EPA Head

The Yellowtail development in the Stabroek Block, approximately 126 miles offshore Guyana, is the fourth project being undertaken by ExxonMobil and its partners and it is the first development that the Government of Guyana is pushing for specific oil spill insurance on.
 The Liza-1, Liza-2 and Payara developments were approved and developed without an agreement on oil spill insurance between the government and Exxon’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL).

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