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IS - CGX & Frontera approved for seismic next to Stabroek - August 2019

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CGX Energy and its majority shareholder, Frontera Energy, received approval from Guyana for resequencing the work program for the offshore Corentyne block adjacent to ExxonMobil’s Stabroek Block. The new work program allows the partners to conduct a seismic assessment in the northern sector of Corentyne, which is the portion that abuts Stabroek, before drilling an exploration well. The companies are obligated to drill two wells on Corentyne and have a two-well option. The Utakwaaka......
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