Guyana: Exxon Mobil to begin exploratory drilling offshore – Venezuela reacts!

Deep-Water-Champion

 Guyana: Exxon Mobil to begin exploratory drilling offshore 

GEORGETOWN, Guyana, Thursday February 19, 2015, CMC – Exxon Mobil says plans are in place to start exploratory drilling next month.

In a release on Thursday, it was disclosed that the Minister of Natural Resources Robert Persaud, met with Chuck Calavan, ExxonMobil Vice President of US and Latin America and Jeff Simon, Country Manager, ESSO.

During the meeting, Persaud was updated on the deployment of the Company’s oil rig (Deep Water Champion) which will depart from Louisiana, in the United States on Thursday for the Stabroek Block offshore Guyana where it is expected to start drilling in mid-March.

According to Persaud, the Cabinet recently approved a request from ESSO for a geological and geophysical survey in the form of 3D seismic survey within offshore Guyana.

A permit has been granted to CGG Service (UK) Limited to undertake this survey.

The release said he also made reference to the Oil and Gas Policy which will give way to a modern oil and gas development framework. This is being done with support from the Commonwealth Secretariat and other partners.

 

Read more: http://www.caribbean360.com/business/exxon-mobil-to-begin-exploratory-drilling-offshore-guyana#ixzz3SFjWtRFI

UPDATE

US oil company ignores Venezuela warning not to search for oil offshore Guyana     http://bit.ly/1w4aMIz

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