The giant Exxon project that could create the world’s last petrostate

But critics fear the oil bonanza will turn Guyana into a victim of the ‘resources curse’

Inside a drab six-storey office block in a residential street in Guyana’s capital Georgetown, a team of ExxonMobil executives are working out how to expand one of the largest offshore oil developments in history. The US energy giant and its partners, Hess and Chinese group Cnooc, have already discovered about 11bn barrels of oil in the Stabroek Block, a vast oil reservoir about 120 miles off the coast of the South American country.

She claims environmental regulators and the government are refusing to hold Exxon to account, risking an environmental and financial disaster for the country. “These are very dangerous operations. They’re producing oil above the limits that were set out in the environmental impact assessments,” says Janki. She warns a disaster similar to Deepwater Horizon in 2010 would devastate Guyana and other Caribbean waterways.

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