Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Post by mark92on Jan 25, 2023 5:58am
419 Views
Post# 35244397

GAICO to dredge Berbice channel as work on CGX’s Deep Water

GAICO to dredge Berbice channel as work on CGX’s Deep Water

GAICO to dredge Berbice channel as work on CGX’s Deep Water Port advances


Dredging is set to commence in the Berbice river, as CGX Energy through its subsidiary, Grand Canal Industrial Estates, advances construction on the Berbice Deep Water Port.

CGX, in an update on January 23, said that in the first quarter of 2023, it intends to start in-river construction activities “including necessary dredging”.

GAICO Construction has been selected to complete these works.

GAICO will begin with the 160 feet access trestle. The wharf will then be built perpendicular to the trestle, parallel to the river’s eastern bank.

CGX’s deep-water port to create more than 1,000 jobs | OilNOW

“Production of concrete piles and other concrete pre-stressed structures for the in-river construction of a 50 x 12 metre access trestle being built from the quayside yard westward into the Berbice river, have begun and are almost completed,” CGX said in an update.

The cargo terminal aspects of the Port are targeted to commence in mid-2023 and operation of the oil and gas support base in late 2023, subject to construction schedules and supply chains.

The facility intends to serve as an offshore supply base for the oil and gas industry and as a multi-purpose terminal to service agricultural import/export, containerised and specialised cargo including aggregates for construction purposes, serving both Guyana and the neighbouring Suriname.

CGX has already expended some US$22 million on the project, which is being built on 30 acres of land adjacent to and north of Crab Island on the eastern bank of the Berbice River.  Almost 10 acres of the plot has been set aside as a living laboratory for the study of mangrove habitats in co-existence with commercial port operations.

https://oilnow.gy/featured/gaico-to-dredge-berbice-channel-as-work-on-cgxs-deep-water-port-advances/

 

<< Previous
Bullboard Posts
Next >>