10/25/2020

Pompeo’s visit to Guyana, defending the EXXONMOBIL business from Venezuela ( My view)

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Pompeo’s visit to Guyana, defending the EXXONMOBIL business from Venezuela ( My view).

Secretary of State Mike Pompeo’s Latin American tour which included Colombia, Brazil, Guyana and Suriname, all share borders Venezuela was a display of the US flaunting its economic and military muscle to shape its Latin America policy for its economic and geopolitical advantage in the region.

The outcomes of the historic visit to Guyana by U.S. Secretary of State Mike Pompeo, has to be analyzed .The Shiprider Agreement that Guyana operationalized with the U.S. last week, aimed at allowing for joint airspace and maritime patrols with the Guyana Defence Force (GDF) for “counter narcotics purposes”, might very well also ensure U.S visible presence in territory Guyana – Venezuela zone at issue .

ExxonMobil is now firmly established in Guyana, operating an office in Georgetown, with numerous ongoing exploration and development operations offshore. ExxonMobil Guyana has made 18 discoveries since May 2015 and begun production in December 2019 from the Liza Phase 1 development.

ExxonMobil is the operator of the Stabroek, Canje and Kaieteur Blocks offshore Guyana.

And ExxonMobil and Hess reported that new discoveries contain estimated resources exceeding 4 billion barrels of oil equivalent, potentially producing 750,000 barrels per day by 2025. The value of oil dwarfs the roughly $3 billion gross domestic product of Guyana.

And guess what?

On many occasions, Venezuela has denounced the claims of the ExxoMobil company to extract oil in waters subject to a claim with Guyana. The Venezuelan Government points out that the maritime zone where the transnational has drilled are “historically Venezuelan territorial waters”, as read in the book ‘El Essequibo is Our’, published by the Venezuelan Presidency.

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In the document, Caracas indicates that although the North American company recognized in 2000 “the rights of Venezuela” for convenience, it is currently unaware of them.

The Venezuelan Government, in the aforementioned book, highlights that ExxoMobil uses the “alleged” oil discovery in disputed waters to present Venezuela as an alleged “violator of international law”, ignoring – according to Caracas – that any possible mineral resource or energy in the area is under “discussion”, according to the principles of the Geneva Agreement.


So that’s the plan

With the Shiprider Agreement signed between Guyana and the US by Foreign Minister Hugh Todd and Secretary Pompeo, enabling joint maritime and airspace patrols to interdict narcotics and escorting multinational oil ships to investigate in the area in claim between Venezuela and Guyana…

There can be no other conclusion other than the fact that any future Venezuelan Navy detention of any boat violent the area in claim, also be aggression against the United States because the oilfield vessels will most definitely have American citizens onboard.

Venezuela on at least a couple of occasions has intercepted oil company ships doing research in the claim zone with the government of Guyana, and has acted as stipulated in international law.

Secretary Pompeo also met with officials from US oil giant, ExxonMobil.
In a social media post following the engagement, the Secretary of State tweeted “Given the recent discoveries of oil in Guyana, today presented an important opportunity to express our support for U.S. energy sector businesses and to reaffirm our steadfast commitment to the responsible extraction and management of natural resources.”

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One of the agreements that Pompeo signed with the Guyana Government is for the enhancement of US private sector investment in Guyana. During a joint press conference with President Irfaan Ali on Friday, the Secretary of State pointed out that the US will continue to do whatever it can to help American companies be successful…

The Stabroek Block is 6.6 million acres (26,800 square kilometres). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest. So do the math how many’s get the transnational company and … how much remains the Guyanese government, because the population already know.