Exxon Exploring Away from the Disputed Area between Venezuela and Guyana: ExxonMobil intends to conduct exploratory drilling operations far south of the disputed area between Venezuela and Guyana,
which is a subject of contention due to its rich natural resources.
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In an interview, Alister Routledge, Exxon’s operations chief in Guyana,
affirmed that the drilling operations would occur a considerable distance south of the disputed region, over which Venezuela claims sovereignty.
Amid escalating tensions between the two countries, with the conflict shifting to maritime territories,
Routledge stated that the drilling activities planned for this year would occur south of the 70-degree line,
emphasizing the absence of historical conflict or Venezuelan activity in that area.
This statement comes in the context of reports indicating Venezuelan military movements near the Essequibo region,
which has become a major security concern in the region.
Exxon aims to accelerate the development of its significant oil discoveries off the coast of Guyana,
marking a transformative shift for the sparsely populated South American nation.
In response to Venezuelan threats, Routledge asserted,
“We continue development and activity within an area that is evidently part of Guyana’s territory.
We have a license for exploration and development.” He further emphasized that when there is a border dispute,
it is the responsibility of both governments to resolve it.
On the other hand, Routledge sought to alleviate concerns,
confirming that the chosen drilling site is south of the 70-degree line and outside the potential conflict zone.
The company commits to adhering to international laws and regulations applicable in such situations.
This dispute is part of an ongoing disagreement between Venezuela and Guyana over their maritime borders,
Venezuela insists that all regional waters in Essequibo are part of its territory.
At the same time, Guyana sees them as part of its regional waters.
Exxon Exploring Away from the Disputed Area between Venezuela and Guyana
