‘We are not going anywhere’, says Exxon on its Guyana operations

U.S. oil major ExxonMobil reaffirms it has no intentions of leaving Guyana.

“We are not going anywhere,” ExxonMobil Guyana said on Monday, December 11.

Having discovered over 11 billion barrels of oil-equivalent offshore Guyana, and producing since 2019, ExxonMobil said “Our focus remains on developing the resources efficiently and responsibly, per our agreement with the Guyanese government.”

Exxon focusing on developing oil resources in Guyana; no financial backing in play for border controversy   | OilNOW

This comes after Venezuela President, Nicolas Maduro, said all companies operating in the Essequibo region have three months to vacate. 

Venezuela’s aggravation followed provisional measures issued by the International Court of Justice (ICJ) advising against these kinds of actions. The Court said that Guyana controls and administrates the Essequibo region, and that Venezuela should do nothing to modify the status quo, pending the outcome of the case.

Guyana President Dr. Mohamed Irfaan Ali has assured all companies operating in the territory that their investments are secure.