Oil exploration rig heading to Guyana

Georgetown, Guyana — Exxon/Mobil’s Deepwater Champion oil exploration rig has departed from Louisiana to the Stabroek Block offshore Guyana, where it is expected to commence drilling in mid-March.

According to minister of natural resources and the environment, Robert Persaud, the Cabinet has recently approved a request from ExxonMobil to conduct a geological and geophysical survey in the form of 3D seismic survey within offshore Guyana. A permit has been granted to CGG Service (UK) Limited to undertake this survey.

Additionally, in the Demerara Block, CGX has concluded 3D seismic survey and the data continues to be processed and a timeframe for delivery is to be scheduled. In the Berbice Block, ON Energy Inc. has completed an airborne geophysical survey and the data is being processed.

Guyana is currently developing a modern oil and gas development framework, with support from the Commonwealth Secretariat and other partners.

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