Spain's Repsol Could Start Drilling Off Canary Islands In October
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)
WHAT DO YOU THINK?
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.
- Sources: Spain's Repsol Hires Tanker For Iran's Pars Oil As Sanctions Loom (Jun 19)
- Total Signs Deal to Extend TFT Gas Field License in Algeria (Jun 11)
- Repsol Asks Vietnam For Compensation After Drilling Project Halted (May 04)