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Guyana en route to become a top oil producer in Latin America

Sunday, October 8th 2017 - 07:52 UTC
Full article 15 comments

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. Read full article

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  • Patrick Edgar

    I would like to know ... Is there ANYTHING AT ALL Mercopress does NOT publish for propagandist political selfserving reasons in light of the Argentine claim to sovereignty rights on the Falklands ???!

    Oct 08th, 2017 - 03:52 pm - Link - Report abuse 0
  • DemonTree

    What has oil in Guyana got to do with sovereignty rights on the Falklands??

    Oct 08th, 2017 - 06:02 pm - Link - Report abuse 0
  • Gevera

    http://en.mercopress.com/2017/10/08/guyana-en-route-to-become-a-top-oil-producer-in-latin-america/comments#comment474775: The only reason Mercopenguin exists is to support the British claim to the Malvinas!

    Oct 09th, 2017 - 07:30 am - Link - Report abuse -2
  • Clyde15

    P.E.

    I read the article several times but could NOT find anything directly or indirectly relating to the Falkland Islands OR the UK.
    Please explain your comments with references from this article to back up your preposterous claim.

    Gevera plus your current other Troll names...as above.

    Oct 09th, 2017 - 09:32 am - Link - Report abuse 0
  • Chicureo

    DemonTree: the Western part of Guyana, a former part of the British Empire, is claimed by Venezuela. Venezulea is in a political and economic crisis who might resort to a desperate attempt of invading Guyana...

    Oct 15th, 2017 - 12:16 pm - Link - Report abuse 0
  • Clyde15

    Gevera Troll

    We have NO claim to the “Malvinas” It belongs to the UK. It is Argentina who is claiming it .

    Oct 15th, 2017 - 04:57 pm - Link - Report abuse 0
  • DemonTree

    @Chicureo
    Oh dear. Now they have found oil, and with things in Venezuela going the way they are, that does seem all too likely. I can't imagine the Guyanese military are up to much. Would any/all of the Latin American countries support Venezuela if they invaded?

    Oct 15th, 2017 - 09:01 pm - Link - Report abuse 0
  • Chicureo

    DT: In fact official Venezuelan maps show western Guyana and it's corresponding ocean territory as theirs. There has been speculation that Maduro may try something foolish.

    Oct 16th, 2017 - 01:05 am - Link - Report abuse 0
  • DemonTree

    Wow, Venezuela claims about 2/3 of the entire country of Guyana.

    It's ironic that the oil there would be a big deal for most countries, but Venezuela already has plenty of oil. Their problem is not lack of resources but total mismanagement of every part of the economy by the current government.

    According to this article, the dispute will be sent to the ICJ by the end of this year if the two countries do not agree some solution, so depending on how Maduro feels about that, there is either no need to use force or he might want to do it before the end of December.

    http://guyanachronicle.com/2016/12/21/guyana-ready-for-icj

    How good is Venezuela's army anyway? Considering all the shortages and unrest, they might be fully tied up keeping order at home.

    Oct 16th, 2017 - 09:02 am - Link - Report abuse 0
  • Chicureo

    Venezulea is armed with a large standing army, sufficient costal navy and intimidating Russian equipped Air Force. Guyana has nearly nothing to match with.

    Oct 16th, 2017 - 05:17 pm - Link - Report abuse 0
  • DemonTree

    I had a feeling you'd say that. :(

    And what would the UN do, send them a stiffly worded letter?

    Oct 16th, 2017 - 10:01 pm - Link - Report abuse 0
  • Chicureo

    Actually, there would be severe economic embargoes as a result, but Maduro is in a difficult situation. Most Venezuelans actually believe the territory is rightfully theirs. ...When all fails, declare war on someone...

    Oct 16th, 2017 - 11:09 pm - Link - Report abuse 0
  • DemonTree

    I hope it doesn't happen. There are already sanctions against Maduro, but I think not against the country as a whole, and creating some would surely increase the misery for the population.

    This article is interesting:

    https://www.kaieteurnewsonline.com/2017/07/14/former-official-thinks-maduro-may-invade-guyana-as-a-diversion-tactic/

    It discusses the possibility of invasion, and also makes a good point that if they do manage to get rid of Maduro they will need a new party to fill the political void.

    I wonder why Guyana isn't part of the inter-American defence treaty?

    Oct 16th, 2017 - 11:48 pm - Link - Report abuse 0
  • Patrick Edgar

    Allow me to take a different approach to this ... I'm sure I can have it lead to the same story.
    The Falkland Islands Territory, is NOT a part of MERCOSUR. It hardly has a comfortable time mentioning it is actually part of the South American Continent, not to mention it rather die before saying it sits on the edge of the Argentine Continental Shelf or the Argentine Sea. However it calls itself “Merco Press” when the term “Merco” ONLY refers to Mercado Comun in exclusive reference to Suramericano. There is no Mercado Comun Hispanico... no Mercado Comun Español, and no Mercado Comun Mexicano either. In the Spanish speaking world, and the rest of the world as well, the combination of words “Mercado” and “Comun” only refer to Mercado Comun Europeo, and Mercado Comun Surarmericano. Moreover the Falkland Islands is not part of ANY Common Market what so ever. Conclusion: MercoPress it is FALSE TITLING ITS PUBLICATION, using the established merit, worth, prestige and presence in a specific social class of business and financing to give greater validity to its obvious propagandist agenda seeking the installation of British economy in South America through the use of its military outpost / forced fishery oil field Falkand Islands usurped from Argentina's sovereignty claim in 1833.
    This makes evident that its bogus attempt to appear sourced and produced by the Uruguayan state even more reveals its conniving manner of operating, as one can clearly see its selection of wordage in publications such as Wikipidia, where it makes no reference what so ever to the Falkland Islands themselves, merely speaks of “The South Atlantic Economic Area” (as if that was something that actually existed) rather instead suggests otherwise by saying “based in Uruguay”, taking part in the age old British tradition of wedging in problems and attempting rifts between friendly countries and or positively associated factions bound by their own history, which Britain had nothing at all to do with before.

    Oct 17th, 2017 - 01:12 am - Link - Report abuse 0
  • Chicureo

    Patrick: thank you for you enlightening and most eloquent argument.
    You know have permission to go and play pretend invasion where the British toy soldiers get the shite kicked out of them. (Hint: Better hide the short Gurka with their knives in the box however... Just saying...)

    Oct 17th, 2017 - 02:23 am - Link - Report abuse 0

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