Exxon subsidiary seeking insurance for Yellowtail, gas to energy projects

ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is seeking a supplier to provide local insurance for the Yellowtail and Gas to Energy projects in Guyana.

According to EEPGL, the Request for Information (RFI) is to identify suppliers who can provide local insurance to EEPGL for Property Damage (PD) of all Subsea, Umbilical, Riser, Flowlines (SURF), shore base construction and related Yellowtail assets as well as the Gas to Energy’s  Subsea, Umbilical, Riser, Flowlines (SURF), connections to FPSOs and modifications to FPSOs, offshore pipeline to shore, onshore pipeline until connection to NGL plant, onshore enabling works, and related assets.

In addition, the company will provide Operator’s Extra Expense (OEE) including control of well, redrilling/extra expenses, seepage and pollution, clean up and contamination exposures and General Third Party Liability (TPL) (including sudden and unforeseen pollution) covering, inter alia, liabilities arising from all Yellowtail and GTE Project exposures on an international basis.

The insurer will provide coverage from February 1, 2022 to June 30, 2026 for PD and February 1, 2022 to December 31, 2027 for TPL and OEE.

“For Property Damage (PD) and Third-Party Liability (TPL), coverage shall continue during the maintenance period, up to a period of 12 months after expiry of the Project Period for Property. The Discovery Period shall commence on expiry and run for 12 months,” the RFI said.

All RFI submissions are due on December 12th.