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GUYANA | ExxonMobil briefs President on oil exploration developments

GEORGETOWN, Guyana, Sep. 19, CMC – The President of US based oil giant ExxonMobil, on Monday briefed President  David Granger on the oil company’s progress in the exploration of oil in the country.

During the closed door meeting held at Guyana’s Permanent Mission in New York, the president of ExxonMobile, Stephen Greenlee said the Liza oil filled “remains our top priority”.

exxonmobilAhead of the meeting, Granger noted that accountability in the country’s latest natural resource remains a priority in oil development

“We’ve always asserted the need for transparency and accountability in this regard”, the President pointed out.

ExxonMobil made Guyana’s first significant oil discovery in 2015.

Since then the company has made two other major discoveries in the Liza and Payara fields located in the Stabroek Block, for which it has license permits.

Currently, Exxon is carrying out first phase developments in the Liza field, in time for first oil by 2020.

Accprdomg tp Greenlee, drilling for development wells will commence soon, adding that there are no “outstanding issues” in this development phase.

The Exxon President also noted that the company continues to conduct exploration drilling alongside the Liza development.

“The exploration well that we are drilling right now, we should see the results of that in the coming days”, Greenlee said. Exxon had commenced drilling of the Turbot field last month.

Greenlee said that Exxon remains committed to developing Guyana’s local content in the industry.

“Our goal is that when we are up and running…is to be like all the other places we work in we would employ over 90 percent nationals in our activities.”

Granger assured that “in due course, everything that has been discussed between the Government and Exxon will be brought to the public” through the Government and its Legislative arm, the National Assembly.

The President said that while he understood citizens’ concerns and calls for more transparency in the new industry he reiterated, “It is not prudent to make announcements prematurely while discussions are ongoing but both the government and the corporation are committed to accountability and transparency”.

Last modified onWednesday, 20 September 2017 11:41