THE EXXON MOBIL RIG IN GUYANA’S WATERS.
GEORGETOWN, Guyana, Thursday March 16, 2017 – American oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana into a major oil producer.
In what industry experts call a rare occurrence in the industry, Exxon Mobil has asked the David Granger administration for a production licence to start pumping oil from the country’s seabed, less than five years after it discovered major oil finds.
Guyana Geology and Mines Commissioner Newell Dennison yesterday confirmed the application to the Associated Press, saying it would be the first time the small South American country has issued an oil and gas licence.
