The Environmental Protection Agency (EPA) has released the impact assessment for the Urau oil field Development Project and ExxonMobil estimates that the cost of the Urau Development Project will be close to US$12.7 billion. Members of the public have 60 days to make written submissions to the EPA.
According to the Environmental Impact Assessment (EIA), the Project will develop the Uaru, Mako and Snoek fields simultaneously. However, there is potential to develop other resources within the licensed area. The Urau Development Project will add at least 1.3 billion barrels of oil to the already more than 10 billion in oil recoveries in Guyana.
