The Venezuelan patrol ship that entered Guyana’s waters Saturday and positioned itself near a vessel contracted by Exxon Mobil Corp. in the Stabroek oil block has departed the area, according to the Guyana Defence Force.

Guyana’s president has denounced an incursion by an armed Venezuelan naval vessel in disputed waters and home to a mammoth offshore oil deposit being developed by ExxonMobil

Guyanese President Irfaan Ali said on Saturday that a Venezuelan coast guard patrol entered Guyanese waters earlier in the day, approaching an output vessel in an offshore oil block managed by Exxon Mobil .

Guyana’s government said Saturday that a Venezuelan naval patrol ship entered its waters and approached a vessel contracted by Exxon Mobil (NYSE:XOM) in the Straboek block, according to media reports.

The South American neighbours are involved in a long-running dispute about which country owns the oil-rich Essequibo area Guyanese President Irfaan Ali said on Saturday that a Venezuelan naval vessel had entered his country's waters earlier in the day,