Vice President Bharrat Jagdeo told a press conference on Thursday that all partners in the Stabroek Block have contributed their respective shares to the US$600 million per project insurance and currently possess the necessary lawful certification, even as they begin wrapping up an agreement with the Environmental Protection Agency (EPA) for a parent guarantee agreement.
“They said that they are in the final stages of concluding the parent guarantee. So they are working on it and I anticipate it would be a matter of weeks before they conclude… They said they are a matter of weeks from getting the parent guarantee,” Jagdeo said.
