Repsol wins further drilling rights in West Africa
MADRID, May 21 (Reuters) - Spanish oil major Repsol YPF (REP.MC: Quote, Profile, Research) has won rights to do further tests on exploratory block C-1 in offshore Equatorial Guinea in West Africa until 2010, a spokesman for the company said on Thursday.
"We have been given the status of operator of the exploratory consortium with an about 57 percent stake, GE Petrol has the rest," the spokesman said.
GE Petrol is the Equatorial Guinea's state oil company.
Repsol made a provisional hydrocarbon discovery in Block C, off the coast of the capital of Equatorial Guinea, Malabo in 2007 and will be making further tests in the 689 square kilometre block over the next 18 months. (Reporting by Jonathan Gleave; editing by Mike Nesbit)
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