Mexico



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Repsol and Tullow partner for Guyana's Kanuku block

 

By Kaieter News

GEORGETOWN
Petroleumworld 05 30 2018

The contract between the Government of Guyana and Repsol Exploración Guyana has been released, along with an addendum. The addendum shows that Repsol will no longer be operating the Kanuku oil block alone. It is now accompanied by Tullow Oil.

Tullow will have a 30 percent share while Repsol retains 70 percent.
Repsol is an international energy company, present in 37 countries and with activity throughout the energy value chain, including exploration, production, refining, chemicals, retail sales and the development of new energy solutions.

Tullow Oil, parent company of Tullow Guyana B.V. is a leading independent oil and gas exploration and production company, which has interests in 90 exploration and production licences across 16 countries that are in West Africa, East Africa and ‘New Ventures', which include Guyana and French Guiana.

Repsol has been present in Guyana since 1997. The company's current activity in Guyana is focused on the Kanuku block, 150 kilometres offshore Guyana. The company is targeting an oil prospect in the Kanuku block, where it plans to drill the first exploration well in 2019 to determine if hydrocarbons are present.

The Ministry of Natural Resources has indicated that the internal and external ESHIA (Environmental, Social and Health Impact Assessment) process will begin in 2018.

Last week, Repsol's Director Global New Ventures Mikel Erquiaga and a team from the company met with Minister of Natural Resources, Raphael Trotman. At the meeting, Erquiaga reiterated Repsol's commitment to its Guyana operations and an aggressive programme of activities that would move swiftly from seismic surveys to exploratory drilling.

The Repsol-Tullow contract is quite similar to the other oil contracts that the Government of Guyana released. However, it features a sliding scale for the sharing of profit oil. Guyana will initially get a 50 percent share, but will eventually receive 60 percent. Guyana will only receive one percent royalty. The entire contract can be viewed online at www.nre.gov.gy.

________________________

Twitter: @petroleumworld1

Petroleumworld.com

Hit your target - Advertise with Us

Story from Kaieter News.
Kaieteurnewsonline.com
05 302018

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter:@petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter

 

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.