Page 12 - LatAmOil Week 20 2021
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LatAmOil                                         GUYANA                                             LatAmOil



       Canje drilling programme expected to shed




       light on extent of Upper Cretaceous play






                         ABERDEEN-BASED Westwood Global Energy   Cretaceous play can be extended,” he remarked.
                         Group believes that the outcome of ExxonMo-  “There’s definitely some interesting more
                         bil’s exploration drilling programme at the   attempts to extend the play both inboard and
                         Canje block will help determine how far the   outboard,” he added.
                         Upper Cretaceous play extends through the   According to previous reports, Canje may
                         Guyana-Suriname basin.               turn out to hold a total of 10bn barrels of oil.
                           The US super-major has already discovered   This would make it even larger than Stabroek,
                         multiple fields within the Upper Cretaceous   which is currently estimated to contain at least
                         play – including but not limited to Liza, the   9bn barrels.
                         first oilfield to begin commercial production at   Equity in the Canje is split between Exxon-
                         Stabroek, a block within the Guyanese section of   Mobil, with 35%; Total (France), with 35%; JHI
                         the basin. Its most recent finds, Uaru and Red-  (Canada), with 17.5%, and Mid-Atlantic Oil &
                         tail, also lie within this play, as Jamie Collard, a   Gas (Guyana), with 12.5%. (JHI used to have a
                         senior analyst at Westwood, noted at a recent   larger stake in the block, but it reduced its equity
                         webinar.                             holdings via a farm-out deal with Total in 2018.)
                           ExxonMobil is now keen to learn whether
                         the play extends over the Canje block, which is   Extension into Suriname
                         adjacent to Stabroek, Collard said. The US-based   Meanwhile, other companies have proved that
                         giant has already found quality reservoirs of   the play extends beyond the maritime border
                         hydrocarbons in non-commercial quantities at   between Guyana and Suriname.
                         Bulletwood-1, the first exploration well drilled   Collard pointed to the multiple Upper Cre-
                         at Canje, he noted.                  taceous discoveries made by Total (France) and
                           It is hoping to find enough oil at its next two   Apache (US) at Block 58 offshore Suriname,
                         wells – Jabillo-1 and Koebi-1, both spudded in   saying that these had shed light on the extent of
                         March of this year – to justify reclassifying Bul-  the play.
                         letwood as part of a commercial discovery, he   “[This] started with the Maka Central dis-
                         said.                                covery and was followed by Kwaskwasi and
                           As such, he said, much depends on the out-  Sapakara West last year, and [there was] already
                         come of drilling work at Canje. This block “is   another discovery in the basin this year,” he
                         going to be the key licence to see if the Upper   commented.

































                                                Liza and other fields lie within the Upper Cretaceous play (Image: ExxonMobil)



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