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Gov’t Says Relinquishment of 20% of Stabroek Block Complete

Summary by Stabroek News
The Ministry of Natural Resources (MoNR) in a release yesterday confirmed that in partnership with the Guyana Geology and Mines Commission (GGMC), it has completed its review of ExxonMobil Guyana Limited’s (EMGL) relinquishment proposals of the renewal of the Stabroek Block Petroleum Exploration Licence.  The article Gov’t says relinquishment of 20% of Stabroek Block complete appeared first on Stabroek News.
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The government of Guyana today confirmed the return of 20% of the Stabroek block by the consortium led by ExxonMobil, an area of 2,534 km2 in the vast oil reserve of 26,800 km2 that has been epicenter of the territorial conflict with Venezuela since its discovery in 2015. In a statement, the Ministry of Natural Resources indicated that the measure is part of the commitments established in the Oil Activities Act (PAA) and the agreement to renew t…

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El Economista broke the news in on Wednesday, July 2, 2025.
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