Two other oil companies, Repsol and CGX, are gearing up to begin offshore drilling operations here by the end of this year.
Minister of Natural Resources Raphael Trotman yesterday confirmed with Stabroek News that that Canadian company, CGX is expected to begin drilling this year.
Sources told Stabroek News that Spanish explorer, Repsol also has similar plans and has already begun working towards this end with the intention to announce their rollout by midyear.
Last December, CGX had announced that it had renegotiated its work plan with the Guyana Government which would see an offshore exploration well being drilled in the Corentyne block by November 27, 2019 and it has also agreed to surrender acreage from two blocks.