Guyana Probes Offshore Oil Leases Controlled by Exxon, Tullow

  • State Assets Recovery Agency is ‘building up a case’: Thomas
  • Tiny country is home to world’s biggest new deepwater oil play
Photographer: Ali Mohammadi/Bloomberg
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Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp. and Tullow Oil Plc.

The probe is broad in scope and is at an early “investigatory stage,” Clive Thomas, director of the the State Assets Recovery Agency, said in an interview in the seaside capital of Georgetown last week. The Stabroek,Bloomberg Terminal Kaieteur and Canje blocks, all operated by Exxon, will be part of the inquiry, as well as OrinduikBloomberg Terminal operated by Tullow, he said.