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BG Group to drill in offshore Newfoundland

Repsol has sold its stakes in three non-operated positions in offshore Newfoundland, Canada to BG Group, which is expanding its drilling activities into new basins.

“This provides the company with access to early stage exploration in a proven prospective basin ahead of the first well being drilled later this year,” BG Group said today.

The company’s equity stakes range from 10% to 25% in the blocks, which are located in the Atlantic Ocean, 200 km from St. John’s.

The three blocks are currently operated and majority-owned by Statoil.

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Published on:
September 28, 2015
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