CGX Energy Inc today announced that drilling for oil had started offshore Guyana on a licence in which it has 25% ownership.
A Marketwire press release said that drilling had commenced of the Jaguar-1 well on the Georgetown Petroleum Prospecting Licence. Repsol Exploracion has 15%, YPF Guyana Limited 30% and Tullow Oil 30%.
Drilling will take approximately 180 days and will go to a depth of 6,500 metres to test the Turonian geologic zone. The release said that the well is being drilled by the
