Exxon Mobil declares major Guyana finding
SAN FRANSISCO - Anadolu Agency
“This latest success operating in Guyana’s significant water depths illustrates our ultra deepwater and carbonate exploration capabilities,” said Steve Greenlee, the president of Exxon Mobil Exploration Company, in a statement. “This discovery proves a new play concept for the 6.6 million acre Stabroek Block, and adds further value to our growing Guyana portfolio.”
In December, the Guyanese government said the oil company was funding its legal fight against its neighbor. The United Nations is expected to send the dispute to the International Court of Justice by the end of March, according to remarks from Guyanese officials.
Last year, insults and threats were traded between the White House and the government of Venezuelan President Nicolas Maduro. U.S. Secretary of State Rex Tillerson was chief executive of Exxon Mobil when it began drilling in the Stabroek Block in 2015 and clashed with Maduro.
Venezuela is in the midst of a political and economic crisis, partly caused by relatively low crude oil prices.
Critics and the U.S. blame the situation on corruption while Maduro has fingered interference by Washington and its regional allies.