Exxon Mobil Continues Drilling Offshore Guyana Despite Venezuela Incident

[Editor’s note: This story was updated from a previous version posted at 6:55 a.m. CST Dec. 26.]

Exxon Mobil Corp. (NYSE: XOM) said Dec. 26 its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela’s navy stopping two seismic survey vessels the company had hired.

The closest of 10 oil finds Exxon Mobil has made off Guyana’s coast is 110 km (68 miles) away from the northwest part of the Stabroek block, where the navy halted seismic data collection on Dec. 22, the company said. Each country’s government says the incident took place in its territorial waters.

“Exploration and development drilling is continuing in the southeast area of the Stabroek Block,” the company said in a statement. Exxon Mobil did not say whether the two vessels, owned by Norway’s Petroleum Geo-Services ASA (PGS), planned to continue their survey or return to the area where the incident occurred.