BG Group to drill in offshore Newfoundland

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.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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