Orinduik Partners to Drill 2nd Well Off Guyana

Stena_Forth.jpg

Partners Tullow Oil, Total and Eco Atlantic have chosen the Joe prospect for a second well in their much-watched Orinduik oil and gas field off Guyana's coast, Eco said on Friday.

Eco earlier this month increased the estimate for the field to about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September.

The well will be drilled with the Stena Forth drill ship in mid-July moving on from the Jethro Lobe well in the same field.

"Joe is a 150 million boe (P50 – best estimate) Upper Tertiary target which has a 43.2 percent chance of success... Net cost to Eco for its 15 percent working interest in the Joe Well is expected to be approximately $3 million," Eco said.

The Orinduik Block is located next to an Exxon Mobil field, which has an estimated 4 billion barrels of oil equivalent. The Exxon discovery put Guyana on the world map of oil resources.

Tullow, the operator of the Orinduik Block has a 60 percent stake, Total has 25 percent and Eco Atlantic Oil and Gas has 15 percent.


(Reporting By Shadia Nasralla; editing by Emelia Sithole-Matarise)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Liquefaction and Regasification Report And Online Database

  • Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
  • Online database -- The online database is updated every day – with information direct from primary sources. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial