Page 9 - LatAmOil Week 36 2021

LatAmOil GUYANA LatAmOil

EEPGL went on to say that it would probably oil, but not in quantities large enough to justify
use some of the same six drillships it has already stand-alone development, while Jabillo-1 was a
deployed at other blocks in Guyana’s offshore dry hole. As such, the company is hoping for bet-
zone – namely, the Noble Bob Douglas, the ter results from Sapote-1, which will be drilled at
Noble Don Taylor, the Noble Sam Croft, the a site about 100 km south-east of Jabillo-1.
Noble Tom Madden, the Stena Carron and the Equity in the Canje project is divided
Stena DrillMAX – or similar vessels for the cam- between ExxonMobil, with 35%; TotalEner-
paign at Canje. However, it noted that only one gies (France), with 35%; JHI (Canada), with
of the six vessels currently being used was capa- 17.5%, and Mid-Atlantic Oil & Gas (Guyana),
ble of performing a well test. with 12.5%. JHI used to have a larger stake in
“[Only] the Stena Carron drillship has the the block, but it reduced its equity holdings via a
equipment required to perform a well test,” it farm-out deal with TotalEnergies in 2018. Can-
said. “If such a well test is determined to be war- ada’s Eco (Atlantic) Oil & Gas recently gained an
ranted for the project, the well would be tempo- indirect stake in the project via its acquisition of
rarily abandoned in place to schedule the return a 6.4% stake in JHI. ™
of the Stena Carron drillship in order to re-enter
the well and complete the well test at a later date,
if applicable.”
According to previous reports, EEPGL has
already submitted a request for environmental
authorisation for this drilling campaign to EPA,
and the agency has determined that the com-
pany does not have to perform a formal envi-
ronmental impact assessment (EIA). Instead,
the company will have to prepare and submit
an environmental assessment and manage-
ment plan (EAMP) to address certain issues
and potential problems identified during the
screening process.
EEPGL has been carrying out a three-well
drilling programme at Canje. It has already
completed two of the wells, Bulletwood-1 and
Jabillo-1, and spudded the third, Sapote-1, late
last month. Bulletwood-1 turned out to contain Canje is adjacent to Stabroek and Block 58 (Image: Westmount Energy)

BRAZIL
ANP considers allowing foreign

companies to suggest bidding areas

BRAZIL’S state oil and gas watchdog, the American country one of the world’s most pro-
National Agency of Petroleum, Natural Gas tected business environments.
and Biofuels (ANP), is reportedly considering Brazil is due to carry out three oil and gas
a plan that would allow foreign firms to suggest tenders this year, including the 17th Bidding
the areas to include in future bidding rounds. Round, which is scheduled to launch on Octo-
Currently, only Brazilian firms can make ber 7. Eight companies have already registered to
such suggestions. But the plan now under con- participate in that contest so far: Brazil’s national
sideration by ANP gives foreign companies that oil company (NOC) Petrobras, Chevron (US),
option, even if they are not incorporated under Ecopetrol (Colombia), Karoon Energy (Aus-
Brazilian law directly or through a subsidiary. tralia), Murphy Oil (US), Royal Dutch Shell
(It also states that if the fields in question are (UK/Netherlands), TotalEnergies (France) and
included in a future licensing round, the firms Wintershall Dea (Germany).
that made the suggestions must still register Meanwhile, the Second Transfer of Rights
before they can submit bids for those sites.) Surplus Volume Bidding Round is due to take
The proposal is in line with the Brazilian gov- place in December, giving potential investors
ernment’s efforts to open the oil and gas market the chance to submit offers for acreage in the
up to new investors. It represents a reversal of Sépia and Atapu fields in the pre-salt section of
long-standing policies that have made the South the Santos basin.

Week 36 09•September•2021 www. NEWSBASE .com P9