Repeated requests from the Ministry of Natural Resources and the Environment for a status update on the drilling campaign of Repsol’s exploratory operation at Jaguar have been futile.
Staff of the ministry Parmanand Persaud told Stabroek News over the weekend that based on this newspaper’s request, the ministry requested of Repsol information regarding the state of the drilling but said that this has so far not been forthcoming.
The six-month period of drilling is days away of coming to an end and at the end of May Minister of Natural Resources Robert Persaud said the company would have been reaching its drill target soon. He said that it is only then that the company would know whether the well is viable and whether recoveries can be made.
Drilling at the Jaguar–1 well was meant to go to a depth of 6,500 metres. Drilling on the site commenced on February 9, 2012, with an expected duration of 180 days.
The parties to the prospecting licence are Repsol Exploracion SA (15%), with Repsol being the operator, along with YPF Guyana Limited (30%), Tullow Guyana BV (30%) and CGX Resources Inc (25%).
