Guyana: Offshore Energy Today.com reported that the Canadian-based oil and gas exploration company, CGX Energy Inc., will begin the search for oil in Guyana waters by the end of this month.
CGX Energy Inc. is focused on the exploration of oil in the Guyana-Suriname Basin, an area that is ranked second in the world for oil and gas potential by the United States Geological Service.
CGX Energy Inc. has awarded a drilling contract to a subsidiary of Diamond Offshore Drilling, Inc. for the Ocean Saratoga semi-submersible drilling rig which will arrive by the end of January, 2012, to drill the Eagle-1 well on the Company’s 100% owned and operated Corentyne Petroleum Prospecting License (“PPL”), offshore Guyana.
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