Repsol set to begin oil exploration again

Mike Phelps, Polarcus Party Manager, explains the purpose of some of the equipment on board the vessel.

Repsol is set to begin oil exploration again with a fresh round of 3D seismic surveys in the offshore basin close to Suriname with a view to determining the hydrocarbon potential that may lead to a US$200 million drilling campaign after 2015.

The Spanish oil giant has hired the services of seismic surveying company Polarcus to carry out the surveys in the Kanuku Block offshore Guyana