ExxonMobil made its eighth oil discovery offshore Guyana at the Longtail-1 well in the Stabroek Block on June 20. The company encountered 256 feet of oil-bearing sandstone. The well was drilled to 18,057 feet depth in 6,365 feet of water.
The Norwegian oil and gas research firm Rystad Energy is predicting that Guyana's oil sector could generate annual revenue of US$15 billion and that the government would pocket most of the profit generated from the explorations.
Venezuela is seeking a “practical and satisfying” solution to its border dispute with Guyana even as the Caribbean Community (CARICOM) country has already filed its application to the International Court of Justice (ICJ) in the Hague on the matter.
The United States will shift the processing of immigration visas for Cuban nationals from Colombia to Guyana starting April 1, the State Department announced. Immigrant visa applications and interviews with Cuban citizens will be conducted and processed at the United States Embassy in Georgetown, Guyana.
Venezuela has rejected the decision made by the United Nations to refer the border controversy with Guyana to the International Court of Justice (ICJ). “The Government of the Bolivarian Republic of Venezuela, faithful to its historical tradition and in accordance with the Bolivarian Diplomacy of Peace, reiterates its firm disposition to defend the territorial integrity of our Homeland and maintain political negotiation based on the 1966 Geneva Accord, as the only way to reach a peaceful solution, practical and satisfactory for both parties and in favor of our Peoples,” the Venezuelan government said in a statement on Wednesday.
United Nations Secretary-General, António Guterres has referred the Guyana/Venezuela border controversy to the International Court of Justice (ICJ). In a statement which was published on the UN’s website on Tuesday, Stéphane Dujarric, spokesman for the Secretary-General stated that Mr Guterres has fulfilled the responsibility that has fallen to him within the framework set by his predecessor in December 2016, and has chosen the International Court of Justice as the means to be used for the solution of the controversy.
Falkland Islands lawmaker MLA Ian Hansen made on Wednesday a courtesy call on Guyana's Minister of State Joseph Harmon at his office in the Ministry of Presidency, in Georgetown, the country's capital.
For the sixth time Exxon and partners at the Stabroek block offshore Guyana are celebrating another major find in northern South American waters. In effect, Ranger-1 exploration well, the sixth find since discovering Liza in 2015, hit approximately 70m of high-quality, oil-bearing carbonate reservoirs some 60mi northwest of the Liza development.
Brazil maintains that the settlement of the Guyana/Venezuela Border is final and must be respected, according to the country's Foreign Minister Carl Greenidge. Following his attendance at the recently concluded Mercosur Summit held in Brazil, Greenidge said Brasilia has been updated on Venezuela’s contention that the 1899 Award is null and void, and remains resolute to its original position.
Exxon Mobil Corp. has discovered more oil on the Staborek block offshore Guyana, northeast South America, with the Turbot-1 well. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well on Aug. 14, 2017, and encountered a reservoir of 23 m of high-quality, oil-bearing sandstone in the primary objective.