One rig drilling for oil, another set to follow

By   |  0 Comments  |  Local | Friday, February 10, 2012 

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With Repsol’s Atwood Beacon commencing drilling at the Jaguar – 1 site on Tuesday, CGX Energy Inc.’s Ocean Saratoga is expected to start drilling towards the end of next week, says Minister of Natural Resources and the Environment Robert Persaud.

“Drilling has started at the Jaguar – 1 well on Tuesday, all activities are proceeding as planned. It will take about six months to drill,” said the Minister at a press conference held at the Office of the President yesterday.

Further, he said that everything is going well at the Eagle well, the CGX 100 percent owned licence. The rig Ocean Saratoga is in…..

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