GEORGETOWN, Guyana – President Irfaan Ali declared on Thursday that Guyana remains on high defensive alert against persistent territorial claims from Venezuela over the oil-rich Essequibo region, despite the recent ouster of former leader Nicolas Maduro. Addressing officers at the annual conference of the Guyana Defence Force (GDF), President Ali emphasized that the current political transition in Caracas has not eliminated the fundamental threat to his nation’s sovereignty.
The longstanding border dispute, which has persisted for over a century, escalated dramatically following ExxonMobil’s discovery of substantial offshore oil reserves in the Essequibo basin a decade ago. Tensions reached critical levels in 2023 when Guyana initiated auctions for oil exploration blocks in the contested waters.
‘We cannot afford to drop our guard,’ President Ali stated unequivocally, highlighting that the change in Venezuela’s leadership does not diminish the strategic challenge facing Guyana. The disputed territory, administered by Guyana since 1899, represents approximately two-thirds of the country’s total land area and contains potentially transformative hydrocarbon resources.
Venezuela is currently governed by an interim administration led by Delcy Rodríguez, Maduro’s former vice-president, who has swiftly moved to privatize the national oil sector and release political prisoners in alignment with U.S. demands. This geopolitical shift follows January’s U.S. military operation that removed Maduro from power.
ExxonMobil CEO Darren Woods noted during a recent earnings call that reduced Venezuelan naval patrols in disputed waters have created new opportunities for exploration in the Stabroek block offshore from Essequibo. The U.S. government had previously supported Guyana’s position during Maduro’s administration and cautioned Venezuela against military escalation.