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  HOME | Caribbean

ExxonMobil Guyana Unit Plans Seismic Surveys in New Offshore Block

SAN JUAN – ExxonMobil subsidiary Esso Exploration and Production Guyana said it has set a date of March 9 to begin seismic surveys in the Canje offshore block for a period of six months.

“The site survey will be done approximately 105 nautical miles from the coast of Guyana and covers an area of 7,760 square kilometers (2,996 sq. miles) bounded by specified coordinates,” the company said.

Esso Exploration and Production Guyana last week commenced a meteorological and oceanographic survey within the Stabroek block, a much larger area bordering Canje.

Natural Resources Minister Raphael Trotman recently informed the National Assembly that there is growing interest in Guyana’s hydrocarbons and that ExxonMobil will undertake further exploratory drilling of the Liza well, located in the Stabroek block.

“The time has never been as propitious for petroleum exploration as the low prices have led to a high availability, at good prices, of specialized skills, exploratory rigs and equipment, all of which make exploration very encouraging,” Trotman said.

The minister revealed that his agency will be placing significant emphasis on capacity building during this year with the development of a framework for a Petroleum Agency and the conceptualization of an institute in collaboration with the Education Ministry.

“In addition, international development partners have signaled a willingness to train young Guyanese to assume responsibility to lead the petroleum industry in the decades ahead,” Trotman noted.

The Liza find lies in coastal waters of the Essequibo region, the object of a century-old boundary dispute between Guyana and Venezuela.

 

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