The Government of Guyana (GOG) today signed an agreement for petroleum exploration and production with Repsol Explorations S.A. (Repsol), which says that it hopes to begin drilling for oil in the “Kanuku Block” off the Berbice River by 2016.
Repsol’s Director of Exploration in Latin America Joseba Murillas, who signed on behalf of the company, said that they will be able to initiate necessary works almost immediately since it already has an operational office in Guyana.
Today’s signing was the culmination of discussions held between the Ministry of Natural Resources and Repsol which started in mid-2012 as
