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Venezuela urged to back off as Guyana vows to continue offshore exploration, development

Updated: Mar 14, 2019

Dated: January 4th, 2019

OilNOW



Guyana’s Foreign Minister, Carl Greenidge, said on Thursday that the oil-rich South American country has no intention of slowing down offshore exploration and development activities and reiterated that companies operating in the Stabroek Block will continue to execute their work programmes.


“Guyana has informed Venezuela that it will not be intimidated by the heightened hostility by that country as we continue to pursue our economic development agenda,” Mr. Greenidge said in a strongly-worded statement.

On Saturday, December 22, vessels under contract with ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. were intercepted by the Venezuelan navy in the western portion of the 6.6 million acres Stabroek Block.


“A reckless attempt was made by the Venezuelans to land a helicopter on the deck of one of them, the Ramform Tethys. That vessel was flagged by the Government of the Commonwealth of the Bahamas and had a total of seventy crew members on board including the Captain,” the Guyanese Foreign Minister said.

The vessel, he stated, was intercepted in the Exclusive Economic Zone and continental shelf of Guyana at an approximate distance of 140 kilometres from the nearest point to the provisional equidistant line with Venezuela and some 250 kilometres from Punta Playa, the westernmost point on the land border of Guyana.

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