MADRID, July 15 (Reuters) – Spanish oil company Repsol could begin prospecting for its $7-billion oil exploration project off the Canary Islands in October, Industry Minister Jose Manuel Soria said on Tuesday.
Spain's Supreme Court last month rejected environmental appeals against 2012 government permits granted for oil exploration off the coasts of the islands of Fuerteventura and Lanzarote.
"We should be thinking end of October," Soria told Spanish radio channel SER.
His ministry would give the final authorisation for prospecting next week and Repsol has said it would start three months later, said Soria.
(Reporting by Jose Elias Rodriguez; writing by Sarah Morris, editing by William Hardy)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you