Drilling Underway at Offshore Peru Prospect
Karoon Energy Ltd. reported Tuesday the Stena Forth drillship has spud the Marina-1 exploration well in Block Z-38 of the Tumbes Basin offshore Peru.
KEI (Peru Z-38) Sucursal del Peru, a wholly owned Karoon subsidiary, operates the well and owns a 40-percent net interest in the license, according to a written statement from Karoon. Tullow Oil Limited and Pitkin Petroleum hold the remaining 35-percent and 25-percent stakes, respectively, the firm added.
The Stena Forth should require an estimated 30 days to drill to approximately 9,843 feet (3,000 meters) subsea at Marina-1, Karoon stated. The firm noted the prospect comprises a large fault-bounded structure with multiple targets from 2,953 to 9,843 feet (900 to 3,000 meters) subsea. It added the gross prospective resources best estimate for Marina is 256 million barrels of oil.
Block Z-38 lies northwest of the Talara Basin, whose oil fields have yielded more than 1.7 trillion barrels over the past 150-plus years, Karoon’s website states.
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