US EditionGov’t Says Relinquishment of 20% of Stabroek Block Complete
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ExxonMobil (XOM) agreed to return 20 per cent of the Stabroek block, an extensive offshore oil exploration and production area off the coast of Guyana, to the Guyanese Government, the Guyana Ministry of Natural Resources reported.The oil company has already given 2,534 square kilometres of the area, although areas with discoveries, assessments and production activities are excluded, according to information cited by Bloomberg.The decision was ma…
The government of Guyana today confirmed the return of 20% of the Stabroek block by the consortium led by ExxonMobil, an area of 2,534 km2 in the vast oil reserve of 26,800 km2 that has been epicenter of the territorial conflict with Venezuela since its discovery in 2015. In a statement, the Ministry of Natural Resources indicated that the measure is part of the commitments established in the Oil Activities Act (PAA) and the agreement to renew t…
Govt confirms 20% relinquishment of Stabroek Block complete
Following a recent article published in the media concerning the 20% relinquishment of the Stabroek Block by the operator, ExxonMobil Guyana Limited (EMGL), the Ministry of Natural Resources (MNR), in a Wednesday press release, confirmed that in partnership with the Guyana Geology and Mines Commission (GGMC), it has completed its review of EMGL’s relinquishment proposals of the renewal of the Stabroek Block Petroleum Exploration License. An area…
Gov’t confirms 20 percent relinquishment of Stabroek Block complete - Guyana Chronicle
THE Government of Guyana has officially confirmed the completion of the 20 per cent relinquishment of the Stabroek Block by operator ExxonMobil Guyana Limited (EMGL), in accordance with the legal framework outlined in the Petroleum Activities Act (PAA). According to a statement from the Ministry of Natural Resources, the relinquishment process was concluded following a […]
Gov’t says relinquishment of 20% of Stabroek Block complete
The Ministry of Natural Resources (MoNR) in a release yesterday confirmed that in partnership with the Guyana Geology and Mines Commission (GGMC), it has completed its review of ExxonMobil Guyana Limited’s (EMGL) relinquishment proposals of the renewal of the Stabroek Block Petroleum Exploration Licence. The article Gov’t says relinquishment of 20% of Stabroek Block complete appeared first on Stabroek News.
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