Cabo Drilling to install regional headquarters in Panama

The subsidiary of the Canadian Cabo Drilling Corp. will establish its Latin American headquarters for the Panama-Pacific project to offer specialized drilling and mineral services at the international level.

Monday, August 25, 2008

The company, based in the north of Vancouver, British Columbia, Canada, signed a contract with London & Regional Panama (L&RP), which is in charge of the development project in that sector.
A release from L&RP stated that the Canadian company will be installed in Panama-Pacific project in the next 60 days.

More on this topic

Progress and Challenges in Panama Pacific

July 2013

In the special economic area at ​​the former Howard Air Base there are now 164 companies operating in different sectors with investment so far totalling $270 million.

Capital.com.pa reports: "Some 164 companies are operating in the Panama Pacifico. 30% of them are in the services and retail stores sector, 18% are in the maritime industry, 15% are logistics companies, 13% are high value-added industries and the remaining percentage corresponds to other economic activities. "

Russia Will Explore Oil in Nicaragua

July 2009

Russia and Nicaragua formalized an energy cooperation agreement, to explore oil in the country.

Igor Sechin, Russia's Deputy Prime Minister, informed that exploration, both in land and Nicaraguan waters, will be carried out by the National Petroleum Consortium of Russia, comprised by the largest Russian oil companies.

Investment of $705 Million in Panama Pacific Project

March 2009

The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.

In an article in La Estrella de Panama, some of the characteristics of the project are described, which consists of a sustainable city with business parks, logistics, tourism and residential areas.

Panama Pacific Project begins construction

November 2008

Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow.

London & Regional Panama, master developer of the Panama-Pacific Special Economic Area, will hold the official innaguration for construction start up.

The ceremony will be held on Thursday, November 13, 2008 at the former Howard Base.

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