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Well I just managed to download the entire Liza Phase I EIA all 1,418 pages of it. I dare say much less will be needed for a drill and only a small amount of info relating to the area of seabed and any wildlife variation (of which there is likely none) would require to be changed.
Employ the same consultants as Exxon to complete and it is done in time for the rig being on site.
No need to be alarmist around this fairly simple requirement as impact of a 45 day drill is significantly less than a 15 year production solution with 20 wells drilled and all sorts of sub sea work.
The reason for requesting a proper EIA is likely that Hunton Andrew Kurth LLP have been brought in as consultants to assist the Dept of Energy and the EPA with overhauling all the Petroleum regulations and ensuring the current ones in place are complied with.
Sounds like the EPA in then past just let people drill and ignored the requirements of the EIA........ but that is over now.
EIA required, and that is going to bog things down in 2020, for all companies involved in Guyana.
Likely why zero news from the meetings, as currently there is nothing they can do anyway - until they carry out an EIA with public hearings etc.. as Repsol will now have to do in 2020 to get drilling again in 2021. If an EIA takes a year to get approved for future explo drilling, then it will take a year.......thats the way it is.
Looks like approved drills can carry on, but any drill currently not approved will need a proper EIA done and public hearings and the proper process will now be in place for all future drills. Compliance with environmental regulations is no longer optional.
P; I hear impact assessments take some time in Mongolia!
Exxon continue to drill and have just signed up for major deal with Noble. That is not seriously going to be moth balled from further activity for a year.
The article is not definitive and Guyana has a commercial imperative to facilitate drilling.
I know this serves your downside case better but realistically much of the info needed to complete will have been done prior to previous drilling activity.
Still interested to hear your thoughts on Total refinery.....
Read the article.......
EIA takes up to 1 year.......requires public hearings.........thats a 1 year delay likely for Kanuku.......and Orinduik no applications made so far it seems.
Might be why its all quiet........no news from the meeting..........looking at long delays now.
Dont see the EIA being complicated- indeed in event a.well.isndrilled straddling Kanukku it can work off the back of Repsol. For Orunduik use same consultancy and amend coordinates of licence.
As for the shorebase, it is mentioned in CPR and expected at add $1.2m to cost of next drill gross.
Seems the government is clamping down on enviro requirements, and now this is going to slow down all future drilling plans.
Companies now have to submit an EIA to get permission to drill exploratory wells, as noted that Repsol have applied for multiple wells on Kanuku.
No applications have been made on Orinduik so far it seems - only Repsol on Kanuku - and with these new EIA requirements, imo going to be some time before any drilling is done. Nothing before Q4 perhaps. Maybe 2021.
http://gtmosquito.com/uncategorized/epa-now-requires-environmental-study-for-exploratory-wells/
EPA now requires environmental study for exploratory wells
Feb 10, 2020
Guyana Energy Monitor February 10 2020
Little noticed story in the back pages of the Guyana Times on Sunday has the potential to significantly slow down drilling activity in the Guyana Basin.
“Spanish oil company Repsol Exploration Guyana has applied to the Environmental Protection Agency (EPA) to drill more wells in the Kanuku Block, one month after it was announced that the oil found in the previous well it had drilled would not be commercialised.
According to the EPA, Repsol applied to drill and appraise multiple exploration wells in the Kanuku Block. It was noted that the exercise can affect air and water quality, as well as wildlife. As such, the Agency noted that an Environmental Impact Assessment (EIA) is needed.”
Previously, the EPA had only required the oil companies to submit an Environmental Management Plan, a much shorter and easier process. In contrast an EIA requires studies on the project’s effects on wildlife along with public hearings which can take up to a year. There needs to be more clarity on the exact nature of the requirements as the article suggests it is the shore base activity to support wells that is also under scrutiny. This regulatory change could complicate drilling programmes for 2020 in the entire basin including Exxon’s Stabroek Block and Canje which is set to drill in April.