Former head of the Environmental Protection Agency (EPA), Dr Vincent Adams has called out the PPP/C government’s decision to halt the finalisation of an agreement guaranteeing full liability insurance coverage from ExxonMobil for the offshore Payara development project.
Payara, which is the third petroleum development project in the Stabroek Block, will see the drilling of some 45 injection and production wells and is expected to produce between 180,000 and 220,000 barrels of oil per day. According to the Environmental Impact Assessment for the project, in addition to Guyana several Caribbean and South American territories can be affected should there be a spill offshore Guyana.