Karoon books Stena drillship for offshore Peru well

Karoon Energy Ltd. has executed binding agreements with Stena Drilling and Tullow Oil to contract the drillship Stena Forth.

The Stena Forth recently drilled the Jethro-Lobe and Joe discovery wells for Tullow Oil offshore Guyana.
The Stena Forth recently drilled the Jethro-Lobe and Joe discovery wells for Tullow Oil offshore Guyana.
(Courtesy Stena Drilling)

Offshore staff

MT MARTHA, Australia – Karoon Energy Ltd. has executed binding agreements with Stena Drilling and Tullow Oil to contract the drillship Stena Forth.

The Stena Forth will drill the Marina-1 exploration well on block Z-38 offshore Peru. Drilling is expected to start in early 1Q 2020.

Karoon is the operator and holds 40% in block Z-38.

The Marina exploration prospect is a large fault bounded structure in the Tumbes basin with prospective reservoirs at multiple levels from 900 m to 2,900 m (2,952 ft to 9,514 ft) subsea. Gross prospective resources are estimated at 256 MMbbl.

Marina-1 will be the first well drilled on block Z-38. Water depth is about 350 m (1,148 ft). Planned total depth of the well is 3,026 m (9,928 ft).

11/18/2019

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