Guyana to Request Stronger Guarantees

摘要

Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires fi nancial assurance, a type of insurance, to cover emergency responses to accidents. Financial assurance is also used at times in some other countries to cover decommissioning infrastructure, especially offshore oil rigs. But as the newest South American crude-producing nation fashions a regulatory framework for its oil industry, it is pressing a consortium led by Exxon Mobil for greater security, said Kemraj Parsram, head of Guyana's Environmental Protection Agency, in an interview last week.