Rystad Energy says T&T Energy Conference did not use finalised map

...Stabroek Block is wholly contained within Guyanese territorial waters – CEO

within Guyanese territorial waters.

“Rystad Energy does not consider that the Stabroek Block extends into Venezuelan territorial waters. It is the position of Rystad Energy that the Stabroek Block is wholly contained within Guyanese territorial waters,” Parker told OilNOW in an exclu- sive interview.

The Maduro administration expanded its decades-old claim to Guyana’s territory after US oil major ExxonMobil discovered crude off the Guyana coast in 2015. A decree issued by Venezuela laid claim to large swaths of Guyana’s maritime space, including its oil-rich waters, following the announcement of the world-class Liza discovery.

Then, in 2018, the Venezuelan military intercepted an ExxonMobiloperated vessel in the Stabroek Block, claiming that the vessel was operating in the Bolivarian Republic’s territory without its permission.

It is because Venezuela continues to lay claims to Guyana’s territory that the matter of the erroneous map has raised concerns. Guyana is currently before the International Court of Justice, seeking a judgment that would uphold an 1899 arbitral award that effectively settled the boundary with Venezuela. (OilNOW REPORT)