January 10, 2019 / 11:24 PM / 2 months ago

Exxon ships have not returned to area of Venezuela dispute -Guyana

GEORGETOWN, Jan 10 (Reuters) - Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana’s coast have not yet returned to the site of a December incident with Venezuela’s navy, but they may in the future, Guyana’s foreign minister said on Thursday.

Guyana, with no history of oil production, has become the focus of intense interest since Exxon announced the discovery of over 5 billion barrels of oil and gas off its shores. That has reignited a territorial dispute with neighboring Venezuela going back centuries. OPEC-member Venezuela’s crude output is near its lowest levels in 70 years amid an economic crisis.

In a speech at a trade union forum in the capital Georgetown, Foreign Minister Carl Greenidge said the Dec. 22 incident when the ships complied with Venezuela’s order to turn around - which both countries say took place within their territorial waters - would not necessarily hold back future exploration.

“They haven’t returned to the area. It doesn’t mean they can’t return in the future,” Greenidge said. “We’re not speaking in absolutes here.”

According to a notice posted on Guyana’s Maritime Administration Department’s website before the incident, the ships’ activities were expected to begin on Dec. 6, 2018 and conclude on Dec. 31. No new notice has been posted.

Venezuela’s Information Ministry did not immediately respond to a request for comment on Greenidge’s statements. In a press conference on Wednesday, socialist President Nicolas Maduro praised the armed forces for intercepting the ships, noting that if it were not for their patrol, “one day we would get there and they would be taking oil.”

“Is a world like that viable, without respect for international law?” Maduro said.

An Exxon spokeswoman did not immediately respond to a request for comment. (Reporting by Neil Marks Additional reporting by Jennifer Hiller in Houston Writing by Luc Cohen Editing by Phil Berlowitz)

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