Joint venture completes well program offshore French Guiana

Northern Petroleum reports that GM-ES-5, the final well of a joint-venture exploration program in the Guyane Maritime Permit (offshore French Guiana), has been drilled to a total depth of 6,460 m (21,194 ft), and that the well will now be plugged and abandoned.

Offshore staff

LONDON –Northern Petroleum reports that GM-ES-5, the final well of a joint-venture (JV) exploration program in the Guyane Maritime Permit (offshore French Guiana), has been drilled to a total depth of 6,460 m (21,194 ft), and that the well will now be P&A'd. Reservoir evaluation showed no evidence of hydrocarbons.

The data from all five wells will be integrated with 3D seismic to determine future exploration plans on this license, which covers 24,100 sq km (9,305 sq mi). Once drillshipStena ICEMaxhas completed abandonment operations, it will move to a location outside French Guiana and be off contract from the JV.

Northern Petroleum owns 1.3% equity interest in the Guyane Maritime Permit through its 52% holding in Northpet Investments Ltd., a JV with Wessex Exploration. Northpet has a 2.5% equity interest in the Guyane Maritime Permit, with partners Shell (operator) holding 45%, Tullow Oil holding 27.5%, and Total holding 25%.

11/15/2013

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