Friday, 01 April 2016 07:58

No More Oil Exploration Around The Canary Islands

Rate this item
(0 votes)
Oil drilling licenses in Canarian waters run out Oil drilling licenses in Canarian waters run out

Oil exploration permits around the Canary Islands have run out so there will be no more drilling in the near future.

The test well permits, given to Repsol by the Spanish Government, were wildly unpopular in the Canary Islands where tourism and clean beaches are a huge part of the economy. Repsol faced widespread protests and even a boycott of its Canarian petrol stations.

Repsol's first two test wells, drilled in 2014 in an exploration zone just 60 kilometres north of Lanzarote, came up dry and it decided not to drill a third well. All drilling permits issued to Repsol ran out on March 21st and the company now faces an investigation to see if it broke the law by refusing to drill a third well.

This doesn't mean that the Canary Islands have nothing to do with the oil industry. Rig repair is a growing industry in Las Palmas and Arinaga port and oil services by companies such as Otech are a growing industry.  

It's a much safer way to earn oil money than risking a spill in Gran Canaria's waters.

Read 11934 times Last modified on Friday, 01 April 2016 09:54
Published in News
Login to post comments

Join the Gran Canaria Info newsletter list




Follow us on Facebook

Tip of the day

Who's Online

We have 2936 guests and no members online

Login / Register

Take this website to the max, login or create an account now! By clicking on any Social Media platform logo, you can login with just one click.