President Donald Ramotar met with Repsol

OIL
President Donald Ramotar met with Repsol who is preparing to restart drilling. He revealed, too, that the company believes they are in a much better position now to get “the depth that they had anticipated before”.
He said that Repsol did not reach the depth they had planned and budgeted for “because of the pressure and gas that was there”. “They said to me that never in any of their experiences that they have reached such a situation where you had so much gas pressure, and they are now preparing to bring in a bigger rig and use different technology to come in and try again to make another shot.”
Ramotar said that the company, this time, will be investing more than US$200M and that “this tells you that they have some level of confidence of what they will find there”.