Exxon yet to seek extension for Stabroek Block exploration licence - says company Vice President

(Kaieteur News) – The exploration license for the Stabroek Block, currently held by ExxonMobil is expected to expire in October 2027, but the company has not requested an extension.

This is according to ExxonMobil Vice President and Head of Global Exploration, John Ardill. In an interview with Senior Corporate Correspondent, Marc Roussot on the sidelines of an energy event in London, Ardill reportedly said that the company has not applied for an extension to the exploration license “although the possibility could be revisited around the middle of next year.”

The company has already applied to the Environmental Protection Agency (EPA) for a massive 35-well exploration and appraisal campaign that is pending approval. According to project documents, the campaign is scheduled to run from 2028 through 2033.