Rig delay puts back Guyana offshore drilling plans

Offshore staff

TORONTO – Guyana’s government has agreed to extend the deadline for drilling of the offshore Jaguar-1 well.

Repsol operates the surrounding Georgetown Petroleum Prospecting License, in partnership with YPF Guyana, Tullow Guyana, and CGX Energy subsidiary CGX Resources.

According to CGX, the extension was granted because the contracted jackup Atwood Beacon has been delayed due to a drilling program offshore neighboring Suriname.

Stephen Hermeston, president and CEO of CGX, said that personnel and equipment for Jaguar-1 are already in Guyana, and 95% of the contracts are in place.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...