The energy company had already discovered a large oil deposit in Guyana in 2015, and further discoveries have now been made. 25 percent of the income should go to the state.
(Photo: dpa)
Georgetown There is more oil off the coast of the South American state of Guyana than previously thought. This was announced by the US energy company ExxonMobil in a statement on Wednesday.
Accordingly, two discoveries were made in an area where an estimated 10 billion barrels of oil are already stored. A ship is expected to start producing up to 220,000 barrels of oil a day in the coming months.
A consortium led by ExxonMobil found a lot of oil off the coast of the 800,000-inhabitant state in 2015. Guyana is one of the poorest countries in South America. The International Monetary Fund had predicted enormous economic growth in neighboring Venezuela before the pandemic. According to estimates, revenues from the oil business could bring the state around 10 billion euros into the coffers by 2030.
According to the agreement between the government and Exxonmobil, 75 percent of the oil revenues should initially go to the company to cover costs and 25 percent to the state. The opposition at the time criticized this in the 2020 election campaign, when a decision was made on a new national assembly and thus also on a new president, because it would greatly benefit ExxonMobil.
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