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Title : Venezuelan Navy Intercepts Exxon Oil Exploration Ship In Guyanese Waters
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Venezuelan Navy Intercepts Exxon Oil Exploration Ship In Guyanese Waters

The Economist

Reuters: Venezuela navy confronts Exxon oil ship in Guyana border dispute

GEORGETOWN/CARACAS (Reuters) - Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp (XOM.N) in Guyanese waters over the weekend, neighboring Guyana’s foreign ministry said in a statement, while Venezuela said the incident occurred within its territory.

The latest incident in a century-old border dispute comes after a series of offshore oil discoveries have given Guyana the potential to become one of Latin America’s largest producers. In OPEC member Venezuela, by contrast, crude output has tumbled to the lowest levels in nearly 70 years amid an economic crisis.

The Ramform Tethys vessel, which belongs to Norwegian company Petroleum Geo-Services (PGS) and was conducting seismic survey work on behalf of Exxon, stopped exploration and turned east after being approached by the Venezuelan navy, PGS spokesman Bard Stenberg said in a statement.

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WNU Editor: Venezuela has laid claim to about 75% of Guyana. If I was the Guyanese government, I will be looking for allies right now.

More News On The Venezuelan Navy Intercepting An Exxon Oil Exploration Ship In Guyanese Waters

ExxonMobil ship approached by Venezuelan navy off Guyana -- ABC News/AP
Venezuela Navy Interrupts Oil Exploration Off Guyana -- The New York Times
Exxon Halts Offshore Research as Venezuela-Guyana Border Tensions Heat Up -- The Wall Street Journal
Guyana to file complaint with UN after Venezuela's interception of ExxonMobil vessel -- Caribbean News Service

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