Tullow, Total and Eco to Drill Offshore Guyana

Drilling on the second well for the 2019 Guyana offshore drilling program will begin in this summer.
Project partners Tullow Guyana B.V. (operator; 60 percent), Total E&P Activitiés Pétrolières (25 percent) and Eco Atlantic Oil & Gas Ltd. (15 percent) have selected the Joe Well as the second exploration well, Eco confirmed Friday.
The Joe prospect is a 150 million barrels of oil equivalent upper tertiary target with a 43.2 percent chance of success. It’s located in about 650 meters of water.
Colin Kinley, Chief Operating Officer of Eco Atlantic, commented:
“The approval, at this stage, of a second well is a clear indication of the Partners’ risking of Orinduik,” Eco Atlantic COO Colin Kinley said in a release.
“The evaluation of the Orinduik Block is ongoing and we are confident in our ability to prove up oil in the Tertiary aged section that has already been derisked by our neighbors on the Stabroek Block with the Hammerhead discovery,” he added. “We have developed an excellent geological and geophysical model that we continue to build on together with our Partners.”
The partners have contracted the Stena Forth Drillship to drill the well. Drilling is set to begin mid-July.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Governor Issues Disaster Declaration for Southeast Texas
- Exxon Building Largest Renewable Diesel Plant In Canada
- EU Considers Capping Russian Fuel Prices at $100
- World Still Waiting to See What China Reopening Means
- Former Brazilian Senator Takes Over Petrobras Helm
- Gasoline Price More Expensive Than Year Ago Levels
- Oil Traders Weigh Up Market This Week
- Top Headlines: Valaris Employee Reported Missing from Rig
- Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different
- RWE-National Grid JV Submits Bid For New York State Wind Rights
- Valaris Employee Reported Missing from Rig
- Is The USA Strategic Petroleum Reserve Stock Dangerously Low?
- How Will Russia's Oil and Gas Industry Fare in 2023?
- Police to Board Valaris Rig After Worker Reported Missing
- Oil and Gas Security Trends in 2023
- Fundamentals Strong Enough for $90+ Oil Period
- Risk Premium Embedded in USA NatGas Vanishes
- Texas Oil & Gas Industry Paid Record $24.7Bn In Taxes And Royalties
- USA Drops Rigs
- Texas O&G Sector Closes 2022 With Continued Employment Growth
- Valaris Employee Reported Missing from Rig
- Louisiana, Texas To Gain Thousands of Energy Jobs At Start of 2023
- Where Will WTI Oil Price Be at End 2023?
- Is the USA Shale Boom Over?
- Talos Makes Two Commercial Discoveries In Gulf Of Mexico
- Gasoline and Diesel Prices Expected to Fall
- Higher Oil Prices Have Not Led to More Exploration
- Iran Oil Gushes Into Global Market
- Will Oil Hit $100 Per Barrel in 2023?
- Shell Finds Gas In Pensacola High-Impact Well Off UK