MercoPress. South Atlantic News Agency

ExxonMobil ready to begin exploratory drilling offshore Guyana

Persaud was updated on the deployment of the oil rig which will depart from Louisiana, for the Stabroek Block offshore Guyana to start drilling mid-March.

Exxon Mobil says plans are in place to start exploratory drilling in Guyana this month. In a release it was disclosed that the Guyana 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 for the Stabroek Block offshore Guyana where it is expected to start drilling in mid-March.

According to Persaud, the Guyana 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.