Getting Exxon to give unlimited insurance is key sign that renegotiation is possible – Oil & Gas body

Kaieteur News – The Oil & Gas Governance Network (OGGN) stands firm that ExxonMobil’s Stabroek Block agreement is renegotiable, and that former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams proved this during his stewardship in the post.
In October last year, Dr. Adams had told Kaieteur News how he had ensured that the environmental permit handed to Esso Exploration and Production Guyana Limited (EEPGL) includes a provision committing the parent company, ExxonMobil, to accepting unlimited liability for all costs related to oil spills or any other such incident. This was done for the Liza Phase Two environmental permit.
This is a departure from what is provided for in the Production Sharing Agreement (PSA) for the Stabroek Block, which governs Liza Phase Two and other projects.

See more here: https://www.kaieteurnewsonline.com/2020/12/05/getting-exxon-to-give-unlimited-insurance-is-key-sign-that-renegotiation-is-possible-oil-gas-body/