Energy
Exxon Says New Drilling Is ‘Well South’ of Disputed Essequibo Territory
- Venezuelan military buildup is underway near the border: WSJ
- Exxon’s massive Guyana crude discoveries transformed nation
Exxon has been accelerating development of oil discoveries off the Guyanese coast that are transforming the sparsely populated South American nation.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Exxon Mobil Corp.’s exploratory drilling off the coast of Guyana will be “well south” of the disputed territory that Venezuela claims as its own, according to a senior company executive.
Venezuela’s maritime claim rests along a “projected” 70-degree line out to sea from Punta Playa on the border with Guyana, Alistair Routledge, president of Exxon operations in the country, said during an interview.