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Guyana offshore oil exploration hampered by neighboring Venezuela

Monday, July 21st 2014 - 07:06 UTC
Full article 9 comments
 Natural Resources and Environment Minister Robert Persaud Natural Resources and Environment Minister Robert Persaud

Guyana’s offshore exploration for oil in areas being contested by neighboring Venezuela is being faced with setbacks. Natural Resources and Environment Minister Robert Persaud in making the revelation said this is linked to the expulsion and temporary seizure of the Malaysian seismic research vessel, RV Teknik Perdana, by Venezuela’s Navy last year.

Persaud in responding to questions from the Parliamentary Sectoral Committee on Natural Resources said Guyana is now depending on an eventual resolution in its favour.

“However, we are engaged in the companies who might be affected and we have remained optimistic that those matters will be resolved in a manner that will allow us to continue and proceed with those activities,” he said.

Concerning activities outside of that particular zone “where we had difficulties with Venezuela, those activities have not been hampered in any way, and they in fact are proceeding apace,” the Minister said.

Persaud also stated that applications are being processed for additional companies interested in oil exploration and this information will be shared with the committee.

The Minister also revealed that the Esso Exploration initiative in collaboration with Shell is on stream and the companies have commenced work.
 

Top Comments

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  • Mr Ed

    Well I never, an anglophone territory facing trouble from a hispanophone neighbour. Almost unheard of, apart from Belize, the Falklands, Gibraltar, the Alamo.

    Jul 21st, 2014 - 02:19 pm 0
  • Jack Bauer

    VZ hampering Guyana, sounds a bit like CFK bitching about the oil exploration in the Falklands...

    Jul 21st, 2014 - 04:20 pm 0
  • Be serious

    But doesn't Guyana support Argentinas claim to Falklands Islands (British Sovereign territory)
    Can't see many Brits losing any sleep over this.

    Jul 21st, 2014 - 05:59 pm 0
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