Oil Find: “Good days are ahead for Guyana”; President tours ExxonMobil Rig

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President David A. Granger, being briefed on the operations of ExxonMobil's oil rig, the Deepwater Champion
President David A. Granger, being briefed on the operations of ExxonMobil’s oil rig, the Deepwater Champion

[www.inewsguyana.com] – President David Granger on Thursday, May 21 toured the rig of ExxonMobil which is currently operating in the Stabroek Bloc offshore Guyana where it has found oil in significant quantities.

The newly-elected Head of State accompanied by members of the APNU+AFC government toured the facility and was updated by the crew on the oil discovery.

President Granger made it clear that the oil discovery was something that his government welcomed.

 “We are one of the Guianas, and it is a rich part of the world, in terms of rainforest, current, minerals, so  I am glad that we have opened the door, I am glad that you are a part of opening the door for us,” the President said.

He also mentioned his earlier commitment, prior to assuming office, of the creation of a Sovereign Wealth Fund, so that the disposal of any natural resource will go towards benefiting the people of Guyana.

Meanwhile, Minister of State in the Ministry of Presidency, Joseph Harmon who was also on the trip, noted the level of enthusiasm on the rig itself because of the finding. He also assured that Guyanese will not be excluded from whatever wealth comes out of the venture.

“We believe that good days are ahead for Guyana,” Harmon said but cautioned that “the time between an announcement and the use of that facility could very well be a couple of years.” 

Harmon noted however that the company is very “bullish about what they have found and they believe that the investment that is needed to take it to the next level is almost assured.”

President David A. Granger, Alliance for Change Executive Member Rafael Trotman and Minister of State within the Ministry of the Presidency, Joseph Harmon with the crew of the ExxonMobil drill ship
President David A. Granger, Alliance for Change Executive Member Rafael Trotman and Minister of State within the Ministry of the Presidency, Joseph Harmon with the crew of the ExxonMobil drill ship

He said that Government is satisfied that ExxonMobil is doing what needs to be done and, whatever happens out there will redound to the benefit of the Guyanese people.

“Guyanese people can all be assured that whatever comes out of the sovereign wealth of this nation, that they will be part of it, that they will benefit it.”

ExxonMobil on May 20 disclosed that it has found a deposit of a ‘significant’ amount of oil in the Stabroek Block, about 120 nautical miles offshore Guyana.  The company said this discovery was made in one of the two wells it dug, in the Liza-1 drill site which realised more than 295 feet of high-quality oil-bearing sandstone.

In the released statement, President of ExxonMobil Exploration Company Stephen Greenlee,  said, “I am encouraged by the results of the first well on the Stabroek Block…over the coming months we will work to determine the commercial viability of the discovered resource, as well as evaluate other resource potential on the block.” [Extracted and modified from GINA]

8 COMMENTS

  1. When are we going to stop this racial discrimination we are all one and let us come together and help our new President and Prime Minister to make this country a better place.

  2. Yo rash…while you at it you might as well ask your god to bless this country so we don’t ever have to eat each other to survive in time to come.

  3. Come on people. Let’s stop seeing everything through racial eyes. Let us for once see ourselves as Guyanese.
    Folks, racism is the worst thing that ever happened to Guyana.

  4. Can you explain your point? Race will be the downfall of many of you ppl ,,come on its time to live as one ppl one nation,,STOP letting RACE be your guide,

  5. Some people just cant chane, Race has to be a problem, GOD BLESS Guyana, we are all Guyanese, not indo not afro,,

  6. thank you, god,my people deserve a break, may god guide you mr president, to make u aproserous i stand behind you

  7. Our new Prime Minister Mo Nagamoottoo is not that important to be there with our new President Granger but Harmon and Trotman are more Important. No big deal. Trotman is the main man go PNC go.

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