The Largest Oil & Energy Job Board

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.

Splash 24/7
Splash 24/7
Published on:
September 28, 2015
Source url:
Copyright © 2019, OilFinity. All Rights Reserved. Powered by Talenetic Job Board Software