Guyana: Repsol may take Georgetown farmout from CGX

Repsol Exploracion SA agreed to take a farmout from CGX Energy Inc., Toronto, of 5% of CGX’s 25% participating interest in the Georgetown Petroleum Prospecting License, subject to government approval.

Revised interests effective Sept. 1 would be Repsol operator with 20%, Tullow Oil PLC 30%, YPF Ghana Ltd. 30%, and CGX 20%.