EXXON MOBIL MOVING ‘SWIFTLY AHEAD WITH PRODUCTION PLANS’ – CEO DARREN WOODS

President David Granger makes a point to Mr. Darren Woods, Chairman and Chief Executive Officer of ExxonMobil as officials of the Government and ExxonMobil look on.

Georgetown, Guyana

President David Granger, on Wednesday met with ExxonMobil officials to discuss  the status of exploratory and appraisal work in the Stabroek Block as well as the relationship between the Government and the company.  Emphasis was placed on developing a long term relationship, which is founded on transparency, accountability, openness and aligned interests for the good of Guyana. The President said that the Government is working to develop the requisite framework and strengthen capacity in areas, which establishes and maintains good governance.President Granger noted:  “We are at the start of an oil and gas industry and we want to ensure that our people are involved… We are happy with the way things are going so far and we want to assure you of the Government’s commitment to transparency and accountability. We take decisions at the Cabinet level and then those decisions are taken to the National Assembly and we do not see that process changing. All Guyanese must feel involved in the process.” Mr. Darren Woods, Chairman and Chief Executive Officer of ExxonMobil Corporation, in an invited comment, described the meeting as fruitful, noting that the Government’s commitment to transparency and accountability was discussed in detail.Mr. Woods said that ExxonMobil remains committed to its investments in Guyana and is swiftly moving ahead with its production plans.He said that the administration’s commitment is welcomed since the company’s interests and aims are in alignment with this.  “Ithink it is a very productive conversation that we just had. The Government is looking to make sure that we develop the resources and that we do it the right way that can benefit the community and the people of Guyana. We are very committed to that ourselves and we had a lot of discussions and dialogue to see how best we can do that to benefit ExxonMobil, the Government and the people of Guyana,” he said.

President Granger called for regular and accurate announcements on matters pertaining to the development of the sector, adding that Guyanese must be involved, especially in the mainstream opportunities, which are available in the industry.  “We have got to keep the public informed to ensure that civil society does not feel that there is some underhand relationship, which is injurious to the country. We want to make the right steps and we are looking to see that the population gets the education they need to participate in this industry. We are looking to ensure that this industry generates employment for our people and, as part of our partnership, I hope that we can have a programme, which can help to educate Guyanese on this industry,” he said.

Acting Prime Minister and Minister of Foreign Affairs, Mr. Carl Greenidge also assured the executives of Government’s commitment to the process of building an open and transparent relationship with the corporation.  Minister of Natural Resources, Mr. Raphael Trotman, also attended the meeting and echoed the President’s sentiments, stating that the engagement is part of an ongoing dialogue that aims to strengthen the relationship between Guyana and ExxonMobil for the benefit of the Guyanese people.

 The Meeting was also attended by Attorney General and Minister of Legal Affairs, Mr. Basil Williams; Minister of State, Mr. Joseph Harmon; and Minister of Business, Mr. Dominic Gaskin on the Government’s side while ExxonMobil’s executives present at the meeting were Ms. Kimberly Brasington, ExxonMobil’s Guyana Senior Director of Public and Government Affairs; Country Manager and Project Executive, Mr. Rod Henson; and Mr. Carlton James, Director, Government Relations, Guyana.

AUGUST 30, 2017