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Tullow spuds first well offshore Guyana
IRELAND’S Tullow Oil and its partners Total (France) and Eco Atlantic Oil & Gas (UK) have spudded their rst exploration well at Jethro- Lobe, a prospect within the Orinduik block o - shore Guyana. e eld is believed to hold more than 2mn barrels of oil in prospective reserves.
e trio began drilling the well on July 4, according to a statement from Eco Atlantic. e companies are using the Stena Forth, a drillship owned by Aberdeen-based Stena Drilling, for the job. ey expect to complete the well in about 40 days, the statement said.
Eco Atlantic did not say how deep the sha would be. But it did quote its CEO Gil Holzman as saying that the well would have enough depth to allow the partners to “test the Lower Tertiary aged turbidites, as well as drilling down into the Cretaceous [strata].”
The shaft that the partners are sinking at Jethro Lobe will be the rst in a two-well pro- gramme. Once they complete this first well, they will move the Stena Forth immediately to another section of the Orinduik block that is known as the Joe prospect in order to drill the second well.
Tullow and the other participants in the project are optimistic about their chances of success at Jethro Lobe, especially in light of the other discoveries made o shore Guyana. As Holzman explained: “ e huge success [that] ExxonMobil has had [at] the neighbouring Stabroek block has aided our geological assess- ment of the many similar channel systems in
PERU
our Orinduik block. With 15 leads and pros- pects identi ed [at] the Orinduik Block and funding to drill six potential exploration wells beyond the two currently planned, this is only the start of a fascinating and potentially trans- formational time for the company.”
e CEO also pointed out that the partners had succeeded in starting work on the Jethro Lobe well ahead of schedule. “Eco Atlantic’s first Guyana well has been [spudded] three years ahead of our petroleum agreement com- mitment,” he said. “ is is the start of a hugely exciting time for the company.”
Equity in the Orinduik project is split between Tullow, with a 60% working interest; Total, with 25%, and Eco Atlantic, with 15%.™
Tullow Oil
Okra Energy hits milestone in Peru
HOUSTON-BASED Okra Energy said last week that its small-scale gas liquefaction plant in Peru’s Piura Province had produced and deliv- ered more than 3mn gallons (11,356.2 cubic metres) of LNG since its launch in 2018.
The company called this development a milestone and said it intended to increase out- put levels further in the future. e Colan plant has already pre-sold all of the production from its existing LNG train and has arranged to build further trains in order to accommodate other customers, it said in a statement.
Okra Energy used its own proprietary tech- nology to build the Colan plant as a modular, scalable and portable facility, and last week it described the production milestone as an indi- cator of the success of this approach. CEO Louis Ravenet commented: “Okra Energy has funda- mentally changed the LNG sector with both pricing and technological innovation, bring- ing unprecedented affordability and energy
security to the marketplace.”
The US company noted that the Colan
facility was providing about 20% of all LNG consumed in Peru, including nearly all of the volumes used in the South American country’s northern regions. ese areas are home to size- able reserves of natural gas, but they have not made much use of this resource because they do not have well-developed pipeline networks.
Early production operations are likely to con- tinue for about a year and a half, as Eni intends to move into full eld production in early 2021. During this phase, the Italian company will use a oating production, storage and o oading (FPSO) facility to support operations at Mizton.
Now, though, Okra Energy is sourcing feed- stock from local elds. Its Colan plant loads its production into intermodal containers that can be transported by truck, rail or ship. is allows the company to deliver LNG to factories, busi- nesses and power plants at economical rates.
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w w w . N E W S B A S E . c o m Week 27 10•July•2019