President Donald Ramotar and a team including minister of Natural Resources and Environment, Robert Persaud, Repsol’s North LATAM Exploration Director, Joseba Murillas and Repsol´s Guyana Country Manager, Mr. Giancarlo Ariza, on Friday, visited the Atwood Beacon jack-up drilling rig at Repsol’s “Jaguar-1” well location.
“This visit has been complemented with the presence of representatives of governmental authorities and members of the consortium, who have been able to see the drilling activities that are being carried out by Repsol. The President’s visit to the drill site reaffirms the government’s commitment to oil exploration and gas” Repsol said in a statement
December last year, Repsol initiated operations to drill the exploratory well Jaguar-1, located 160 km East-Northeast of Georgetown, in the offshore Guyana-Suriname basin.
“The well will be the deepest ever drilled in the region (21,425 feet below sea bed) and the drilling operations are carried out by the Atwood Beacon, a jack-up rig capable of drilling beyond 35,000 feet in depth.
The Georgetown Block was awarded to Repsol in 1997 by the Government of Guyana for exploration and production of oil and gas. Repsol Guyana is the operator of the Georgetown license with 15% shares, and the joint venture partners are YPF 30% (Repsol controlled subsidiary), CGX Energy Inc. (25%) and Tullow Oil plc (30%).
https://www.inewsgy.com/2012/03/30/president-ramotar-inspects-oil-drilling-activities-in-corentyne-basin/