Repsol YPF begins to drill for oil, gas in Guyana
GEORGETOWN, Guyana (AP) — The Spanish-based oil company Repsol YPF has started drilling its first well in Caribbean waters off the South American nation of Guyana.
The 6,500-meter (21,000-feet) well targets an area that experts say could hold up to 15 billion barrels of oil and 42 trillion cubic feet (1.2 trillion cubic meters) of natural gas.
Repsol YPF is partnering with Canada-based CGX Energy Inc. for...
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