The risk to various parts of the Caribbean from an oil spill from ExxonMobil’s planned development at Yellowtail was raised during the most recent consultation on the project.
On Thursday, the Environmental Protection Agency (EPA) along with consultancy firm – Environmental Resources Management (ERM) hosted a virtual consultation session to discuss the findings of the Yellowtail Development Project’s Environmental Impact Assessment (EIA) in the Stabroek Block offshore Guyana.
The Yellowtail project is ExxonMobil and partners’, fourth development in the Stabroek Block and is considered the largest undertaking since Guyana became an oil-producing nation. As part of the Yellowtail Project, ExxonMobil plans to drill between 40 and 67 wells for the 20-year duration of the investment. It is intended to be the largest of the four developments with over 250,000 barrels of oil per day targeted once production commences. Based on the schedule, once approval is granted, engineering commences in 2022 and production in the latter part of 2025.
