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presstv.com: Guyana to start offshore oil production soon

“The government of Guyana says the country will soon start producing crude oil and gas from an offshore field which was discovered a year ago.

According to announcement on Wednesday, the energy giant, ExxonMobil, expects to start producing oil and gas by 2020 from the offshore area where it reported a significant oil find last year.

The oil and gas exploration activity by Guyana has been a source of tension with neighboring Venezuela, which claims a huge swathe of Guyana known as the Essequibo, AFP reported.

Guyana’s Prime Minister Moses Nagamootoo, however, held high-level meetings with president of ExxonMobil’s exploration department, Stephen Greenlee, after which he said the US energy giant plans to proceed with commercial offshore drilling for oil and gas as early as next year.”

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