LGO Updates La Lora Concession, Spain

LGO Updates La Lora Concession, Spain

“LGO holds all the relevant data, experience, technical studies, staff expertise and oil field equipment needed to rapidly re-establish, and further develop, oil production operations at Ayoluengo. We hope that by moving quickly to establish the administrative requirement for a new concession the process can be completed quickly and our Spanish employees can return to paid employment as soon as possible.” Under European Union and Spanish legislation the offer of a new concession requires a process of public tender in which the previous concession holder has preferential treatment. By CPS formally requesting a new concession, CPS and the Ministry hope to be able expedite that process. LGO is currently considering various options to apply for a new concession on a sole basis or in partnership with third parties. Source / More: LGO oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

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