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>

<< Sep 2018 >>
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

4th Oil and Gas Tanzania 2018 Products & Eqpt. Exhibition in Africa

It is truly remarkable how East Africa, and specifically Tanzania has in a short period of time become the main…

read more >

SPE Asia Pacific Oil & Gas Conference and Exhibition 2018

As the energy industry adapts to a new status quo operating under sustained low oil prices, there continues to be a need for the industry…

read more >

RIO OIL & GAS 2018

The leading oil and gas event in Latin America is organized every two years by the Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >

FPSO World Congress 2018

This year’s FPSO World Congress will tap on this green shoots of recovery and will focus on practical strategies to address key project…

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