South America, Caribbean upstream roundup

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Wednesday, October 19, 2016

Guyana-focused CGX Energy seeks a new partner to help develop its Berbice wharf and logistics yard project after the proposed transaction with the original party fell through.

In a statement, the company said it aims to enter into a definitive agreement for the project, which would serve the offshore oil and gas exploration industry, by year-end.

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Pictured: Berbice project – phase one concept (CREDIT: CGX)

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The Dominican Republic's energy and mines ministry will present hydrocarbon exploration blocks on October 24 that may be offered in the near term.

The ministry made the announcement after the country was accepted in London-based Chatham House's New Petroleum Producers Discussion Group, which aims "to enhance the capacity of emerging oil and gas producers to establish context-appropriate rules and institutions for good governance of their petroleum sectors and to engage credibly with international partners."

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(CREDIT: Energy and mines ministry.)

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In its latest fleet status report, Rowan said the Ralph Coffman rig began a 10-month contract in Trinidad with a dayrate of US$135,000. The customer's name was not disclosed.

Meanwhile, Trinidad-focused junior operator Range Resources reported an increase in September production, which the company attributed to development drilling and workovers.

ALSO READ DATA SNAPSHOT: Trinidad upstream metrics