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The so-called Bluefin well is located in the southeast of the block at a depth of approximately 1,294 meters. It was said that the drillers had discovered about 60 meters of hydrocarbon-bearing sandstone.
Guyana’s rise as an oil and gas producer has intensified a centuries-old land dispute with neighboring Venezuela. This is about the region in western Guyana known as Essequibo. The conflict threatened to escalate at the end of 2023. During talks shortly afterwards, both countries agreed to resolve the border dispute without the use of force.
Approximately 125,000 of the 800,000 inhabitants of the former British and Dutch colony of Guyana live in Essequibo. Venezuela’s desires increased after oil company ExxonMobil discovered an oil deposit in the area in 2015. Venezuela also claims the waters in which new deposits have now been discovered.
(SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
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