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(Bloomberg) -- Guyana won’t approve oil exploration in waters near Venezuela at least until the United Nations’ highest court rules on the countries’ borders, a government official said.Most Read from BloombergNvidia Surges After AI Boom Shows No Signs of Letting UpBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours on Nvidia’s Bullish Outlook: Markets WrapYour 401(k) Will Be Gone Within a DecadeChina Tightens Grip on Stocks With Net Sale Ban at Open, CloseVenez

Guyana will restrict oil-related activities to south of that unverified border to avoid inflaming the situation, the official, Natural Resources Minister Vickram Bharrat, said in an interview.

(Bloomberg) -- Exxon Mobil Corp.’s exploratory drilling off the coast of Guyana will be “well south” of the disputed territory that Venezuela claims as its own, according to a senior company executive. Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeChina’s Property Crisis Is Starting to Ripple Across the WorldA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China‘Big Round Number’ for S&P 500 Fuels More Gains: Markets WrapNew York City Is Considerin

Exxon Mobil Corp.’s exploratory drilling off the coast of Guyana will be “well south” of the disputed territory that Venezuela claims as its own, according to a senior company executive.

The seven wells Exxon plans to drill are at least 100 km (62 miles) away from Venezuela’s claimed territory, Routledge said. Five are in the south-east portion of the Stabroek Block, closer to Suriname, while two are in the central section, he said.