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  HOME | Caribbean

Repsol Seeks More Time for Offshore Oil Search in Guyana

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.

 

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