A local subsidiary of oil company Exxon Mobil announced today that it will conduct seismic studies in a new block of the waters of Guyana from next March 9 and that these jobs will last for six months.
As explained in a statement, Esso Exploration and Production Guyana, which already carries out activities oil in other blocks of Guyana, expected in two weeks to conduct a seismic survey in the new block, called an exchange.
"The study will be approximately 105 nautical miles off the coast of Guyana and covers an area of 7,760 square kilometers bounded by specific coordinated," the company said.
Recently, the Minister of Resources Natural Guyana, Raphael Trotman said before the National Assembly that there is growing interest in hydrocarbons Guyana and Exxon Mobil also soon begin exploratory drilling on the block Liza.
"The time has never been more favorable for oil exploration because falling prices has led to high availability, at good prices," Trotman, who said that prospects are "very encouraging," he said.
Also, Trotman revealed that a plan for the creation of a Petroleum Agency and the establishment of a training institute in the field in collaboration with the Ministry of Education will develop this year.
"International development partners have indicated to us their willingness to train young Guyanese to take responsibility for leading the oil industry in the coming decades," said the minister.
Last May, the oil company announced the discovery of an oil field in the Stabroek block. The well was drilled by Esso Exploration and Production Guyana, who found an oil field more than 90 meters (295 feet) high quality.
Shortly thereafter, the Government of Venezuela issued a decree that redistributed the Venezuelan territory known as Operational Areas Integral Defense and included the maritime territory, located in the Essequibo areas.
Venezuela and Guyana maintain a controversy over the Essequibo, an area of about 160,000 square kilometers that Venezuelans demand and representing two thirds of Guyanese territory. EFE
