ExxonMobil to continue exploring in Guyana waters despite Venezuela’s claim

ExxonMobil to continue exploring in Guyana waters despite Venezuela’s claim

Deep-Water-Champion1CARIBBEAN360  – JUNE 24, 2015

GEORGETOWN, Guyana, Wednesday June 24, 2015 – Don’t expect Guyana to stop its offshore oil exploration because Venezuela is claiming territorial waters where the “black gold” was recently discovered.

President David Granger has made it clear that his government will continue to back oil giant ExxonMobil in its work because the exploration is taking place in Guyana’s exclusive economic zone.  He said he had met with officials from the company and assured them that they had nothing to fear as far as their operations in Guyana’s waters were concerned. 

Venezuela’s President Nicolás Maduro issued a decree on May 25, claiming sovereignty over Guyana’s territorial waters in the Essequibo region of the Atlantic Ocean. Maps created by Venezuela’s National Organisation for Rescue and Maritime Safety (ONSA), after the decree, indicate that the claim would include a large part of the Stabroek Block, where ExxonMobil discovered oil a month ago.

Granger said the Caribbean Community (CARICOM) has been notified of Guyana’s situation and leaders would be formally briefed on the situation at the 36th Heads of Government Conference in Barbados next week.

In addition, all the countries of the Organization of America States (OAS) and Union of South American Nations (UNASUR) have been notified of Venezuela’s claim.

Granger has described Venezuela’s claim as a “legal absurdity” and the worst intrusion on Guyana’s sovereignty.

“It is an affront to the nation and it collides with internal maritime law; it is completely in breach of the United Nations Convention on the Law of the Sea,” the president said.

On May 20, ExxonMobil, the world’s largest refiner of petroleum products, disclosed that it found a deposit of a “significant” amount of oil in the Stabroek Block, about 120 nautical miles offshore Guyana. The company said the discovery was made in one of the two wells it dug, which realized more than 295 feet of high-quality oil-bearing sandstone.

The total area allotted to ExxonMobil for exploration (the Liza Area or the Stabroek Block) covers 26,806 square kilometres.


Source: http://www.caribbean360.com/news/exxonmobil-to-continue-exploring-in-guyana-waters

Map showing Atlantic areas of Guyana claimed by Venezuela

Venezuela has adjusted Decree 1787 adding a clarification that the delimitation of the Zodimain Atlantica (part of which covers almost all of Guyana’s maritime territory) is to be determined pending the resolution of the 1966 Geneva Agreement.

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  • Gigi  On June 30, 2015 at 6:21 pm

    “President David Granger has made it clear that his government will continue to back oil giant ExxonMobil in its work because the exploration is taking place in Guyana’s exclusive economic zone.”

    Of course he has. That’s why he was rigged into office. Fortunately, no one takes HIM seriously because everyone knows he’s an uncle tom.

    I shudder to think if this a dispute between the Guyanese people and Exxon. I’m reminded of what happened several years ago when the Haitian people went on strike against Levi, the American company famous for its jeans. The Haitian garment workers were demanding $5.00 for having to work a 14 hour work day seven days a week. They were currently making .50¢ a day. Levi called upon the American govt to intervene and it sent in its military to break up the strike by inflicting violence and death on the striking workers. Then Levi came back with an offer of .75¢ per day. The workers accepted. In Jamaica, the situation is worse because workers are blacklisted and are not able to find work elsewhere.

    Good for Venezuela! Go Venezuela!!!!! Heaven knows the Haitian people… I mean Guyanese people and their puppet govt, led by an ex-leader of a claptrap military outfit, are no match for America’s ugly barbarism and sadistic violence.

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