Page 11 - LatAmOil Week 08 2022

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He went on to say that he expected the find at increased interest in the slope of the basin, as
Kawa-1 to generate interest in the offshore has been noted by other commentators such as
licensing round that Guyana is due to hold in Wood Mackenzie.”
the third quarter of this year. “Kawa will add He further stated that CGX and Frontera
excitement for the upcoming planned bid were slated to drill their second exploration well,
round because that is almost a prerequisite to Wei-1, at a site not far from Kawa-1 in the sec-
have commercial material discoveries outside ond half of 2022. The partners intend to use the
of Stabroek, to generate that interest and make same rig, the Maersk Discoverer, and the same
it more than a one-block play,” he commented. crew that worked on Kawa-1, to sink Wei-1, he
Suresh Narine, the executive co-chairman said. The new well will target stacked channel
of CGX, also said he believed the outcome of facies in the Maastrichtian, Campanian, Santo-
his company’s exploration drilling programme nian and Coniacian layers, he added.
would affect the upcoming bidding round. In The Canadian companies have already estab-
a separate interview with OilNOW.gy, he drew lished that a working petroleum system exists in
attention to the fact that the Kawa-1 discovery the northern section of the Corentyne block, he
had helped show that the basin’s reserves were added. As such, they have significantly de-risked
more expansive than previously thought. this part of Guyana’s offshore zone, in terms of
“The Kawa results are encouraging, in that both hydrocarbon potential and crude oil qual-
they push the established regional trends further ity, he said.
upslope than established deepwater discoveries Equity in the Corentyne project is split
and have the impact of potentially extending 66.67% to CGX and 33.33% to Frontera, which
the so-called ‘golden trend’ updip,” Narine said is also the majority shareholder in the former
on the sidelines of the IECE event. “As the first company. The partners have also split equity in
non-Stabroek block discovery in the Maas- Demerara, a block located north-west of Coren-
trichtian, Campanian and Santonian horizons, tyne, along the same lines, but they have yet to
I would expect that this will certainly encourage carry out any drilling work there. ™

SURINAME
TotalEnergies reports new oil discovery in

Krabdagu-1 well offshore Suriname

TOTALENERGIES (France) and its US-based
partner APA Corp. have reported a new discov-
ery in the Krabdagu-1 exploration well at Block
58 offshore Suriname.
In a statement dated February 21, the French
major said that Krabdagu-1, which is being
drilled at a site near the eastern edge of Block 58,
had encountered about 90 metres of net oil pay.
The well contains both crude oil and associated
gas in good-quality Maastrichtian and Campa-
nian reservoirs, it noted.
TotalEnergies did not speculate on the size of
the find. However, it did note that Krabdagu-1
had been drilled at a site 18 km south-east of
Sapakara South, another field within Block 58.
The well appears to be on the same trendline as
the other discoveries made at the licence area
– Maka Central, Kwaskwasi, Sapakara Central
and Keskesi, as well as Sapakara South.
APA and TotalEnergies have not yet fin-
ished drilling the well, so they are slated to Krabdagu is near the easter edge of Block 58 (Image: TotalEnergies)
continue drilling and logging operations, using
the Maersk Valiant drillship, the statement exploration drilling at Block 58, it reported.
said. They will also carry out drill stem testing At least three more appraisal and exploration
(DST) to appraise the site’s resources and pro- wells are due to be spudded at the licence area
ductivity before moving on to the next phase of before the end of this year, it noted.

Week 08 24•February•2022 www. NEWSBASE .com P11