SAN JUAN – Spanish energy major Repsol, one of the first companies to discover oil in Guyana, is seeking an extension to continue offshore exploration, President David Granger’s office said in a statement.
Executives from Repsol met with Granger and Natural Resources Minister Raphael Trotman to seek an extension of its permit to prospect for oil in the Kanuku Block.
In a brief comment after the meeting, Repsol’s Latin America exploration director, Mikel Erquiaga, said the firm needs an extension to complete preparatory work for drilling to begin.
“We want a short extension in order to continue working in the block and eventually drill a well,” Erquiaga said.
Repsol is an integrated energy company with activities in more than 40 countries around the world.
It commenced drilling in Guyana in 2012 at the Jaguar-1 well and discovered the presence of hydrocarbons.