Page 10 - LatAmOil Week 28 2022

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Tullow sees Beebei-Potaro-1 well

at Kanuku completed in Q3-2022

TULLOW Oil (UK/Ireland) said on July 13 that with 25%. Tullow has talked about farming out
it expected to finish drilling and obtain results part of its stake in the block in order to reduce
from Beebei-Potaro-1, an exploration well now its risk profile and concentrate more intently on
being sunk at the Kanuku block offshore Guy- its primary assets. But it has not yet named any
ana, in the near future. potential buyers and has stressed that it does not
In an operational update, Tullow indicated intend to exit the project.
that Repsol (Spain), the operator of the block, To date, Repsol has drilled six exploration
anticipated well completion and results some- wells at Kanuku (Carapa-1, Jaguar-1, Berbice -2,
time in the third quarter of the year. It did not Abary-1 and Mahaica-1 and -2) and has made
say whether the well was still on track to reach only one discovery.
the target of 4,539 metres measured depth That find, Carapa-1, consisted of non-com-
below rotary table (MDRT)/4,390 metres true mercial reserves of heavy crude with a specific
vertical depth (TVDSS) by July 15 as previously gravity of 27 degrees API. ™
reported.
According to notices published by Guy-
ana’s Maritime Administration Department
(MARAD) earlier this year, Repsol and its part-
ners spudded Beebei-Potaro-1 on May 25. They
contracted the Noble Regina Allen, a jack-up rig
owned by UK-based Noble Corp., to sink the
well in 71-metre-deep water.
Tullow had said last year that Beebei-Potaro
might contain as much as 200mn barrels of
oil equivalent (boe). It also noted that the well
would target the Cretaceous horizon, where
ExxonMobil (US) has made most of its discov-
eries at the neighbouring Stabroek block, in the
hope of finding light crude oil there. However,
Repsol did identify additional drilling targets in
the Oligocene, Upper Campanian and Lower
Campanian
Equity in the Kanuku project is divided
between Repsol, the operator, with 37.5%;
Tullow, with 37.5%; and TotalEnergies (France), Repsol has already drilled six exploration wells at Kanuku to date (Image: Repsol)

SURINAME
Staatsolie VP urges IOCs to bid

for shallow-water sites in 2023

GLENN Corrie, vice president of offshore strong interest in Staatsolie’s deepwater licens-
operations at Suriname’s national oil company ing round, owing to the five discoveries that
(NOC) Staatsolie, has urged potential investors TotalEnergies (France) and its partner APA
to look closely at the shallow-water acreage that (US) have made at the deepwater Block 58.
will be offered in one of the country’s upcoming He stressed, though, that the shallow-water
licensing rounds. auctions would cover a large amount of territory
Corrie noted last week that international – 8mn acres (32,370 square km) – that was also
oil companies (IOCs) had already expressed worth exploring.

P10 www. NEWSBASE .com Week 28 14•July•2022