Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year.
One year ago, he said Guyana wanted toto develop new fields. The decision to reclaim existing Exxon blocks signals urgency to speed development.
"We are in ongoing discussions with the Government regarding those requirements, in respect to both timing and area," spokesperson Meghan Macdonald said.
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