Venezuela Plans to Remap Its Offshore Oil Territory, Escalating Tension With Exxon

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Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people with knowledge of the plan said.

The seismic survey is planned for the coming months and will include an eastern area of Venezuela that borders Guyana, the people said, asking not to be named because the plan isn’t public. Officials at state-owned Petroleos de Venezuela SA, or PDVSA, declined to comment.

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