BG to Drill Honduras’ First Offshore Well in More than 30 Years

BG Group, a UK based oil and gas exploration and production company, is awaiting an environmental approval from the authorities of Honduras to begin the search for hydrocarbons in the Central American country’s territorial waters.

The consent is expected to be granted today, according to BG’s executive Carlos Quintana, as reported by Reuters yesterday. He said that the company, upon the receipt of the approval, could begin the exploration works as early as next week.

BG Group took over operatorship of a 35.000 square kilometers area offshore Honduras in 2013. The area includes two basins, the Patuca Basin and the Mosquitia Basin.

According to BG’s previous reports, the company will first carry out gravity survey, with seismic data acquisition planned for 2015. BG will, as Reuters reports, spend around $20 million for the initial phase of exploration from 2014 to 2015.

There has not been any drilling offshore the Central American country in the last 30 years and therefore no application of either modern 3D seismic or well stimulation techniques. BG expects to drill the first well in mid-2016.

Offshore Energy Today Staff, January 17, 2014

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply