Some 17 years ago, ExxonMobil and Guyana signed an agreement for the former to explore for oil in the territorial waters of Guyana. Very few Guyanese might have heard about the event and even fewer might have paid it any mind. After all those old enough to know had heard similar stories before and thought that there was very little to look forward to.
Not many Guyanese knew what Exxon was doing since signing the lease to the exploration block that it was given, for it was not until March 2015, 16 years later, that news reached many Guyanese that Exxon would start drilling for oil. By that time, Exxon had gone from Venezuela where it used to do business before having its estimated 41 per cent share of a joint investment taken away by that country.
Exxon was a household name in many parts of the world and now it