ExxonMobil has reiterated its commitment to oil exploration work here and its next investment may be as early as January next year.
The US company earlier this year announced what is believed to be a significant oil find offshore Guyana and this has raised the prospect of other wells being drilled.
The discovery was clouded by the collapse in international oil prices, which makes it less attractive for immediate extraction, and an aggressive campaign by Venezuela to scare off the US company from the site and further work in the area offshore Demerara.
A release yesterday from the Ministry of the Presidency said that the government through the Minister of Governance with responsibility for the state’s patrimony and natural resources, Raphael Trotman has extended its full support to the US company.
The release said that this commitment was communicated to the company by Trotman at a meeting, which was held with some of the company’s top executives at the Department of Natural Resources and the Environment Boardroom on Wednesday.
ExxonMobil’s team was led by Erik Oswald, ExxonMobil Exploration Vice President and included;