Guyana

By OGJ editors
HOUSTON, June 24 – A group led by Repsol Exploracion SA let a contract to Atwood Oceanics Pacific Ltd. to provide the Atwood Beacon jack-up to drill a well on the Georgetown license off Guyana.

The contract is one of three under which the unit will drill four wells off Suriname and Guyana at a $115,000/day rate. Minimum duration is 210 days. The rig will arrive from Ivory Coast later this year.

Repsol is group operator and operates the Georgetown license. CGX Energy Inc., Toronto, holds 25% participating interest.

CGX is holding discussions with Atwood Oceanics and the operator group to add a fifth well to the program for CGX’s 100% owned and operated Corentyne license.