Ministry of Natural Resources congratulates ExxonMobil and its partners Hess and CNOOC Nexen for Payara 2 discovery announced today July 25, 2017

GEORGETOWN, Guyana – The Ministry of Natural Resources joins His Excellency David A. Granger, President of the Cooperative Republic of Guyana, and the Guyanese people in congratulating ExxonMobil and its joint-venture partners Hess and CNOOC Nexen for their latest efforts that led to the confirmation of the volume of the petroleum reserves that were announced today July 25, 2017 regarding the Payara 2 well in the Stabroek Block offshore Guyana.

The announcement marks another important milepost in the journey towards Guyana’s emergence as an oil producing state, and reinforces the reality that Guyana must continue to steadily and carefully build capacity in a race against time before that date.

The Ministry looks forward to the support of all stakeholders as we work together to ensure that there is a strong regulatory and fiscal framework in place so that the production of petroleum could be done in a transparent and accountable manner and in a way that is respectful of our environment.

We are thankful to all our local, regional and international partners who have committed to working with us to bring us into readiness for oil production. We call on the people of the Cooperative Republic of Guyana to embrace this new reality that has dawned upon our beautiful country and to prepare themselves

Comments are closed.