Tullow to drill on two licenses offshore Guyana

Offshore Guyana will be the main focus of Tullow Oil’s 2019 exploration drilling program.

Offshore staff

LONDONOffshore Guyana will be the main focus of Tullow Oil’s 2019 exploration drilling program.

The company has identified numerous potential high-impact prospects from recent 3D seismic over the Orinduik and Kanuku licenses, andExxonMobil’s Hammerhead-1 discovery, 7 km (4.3 mi) from the Orinduik block boundary, has further de-risked this acreage.

Selection of prospects continues for drilling on both licenses, with the campaign set to start in mid-2019.

Tullow has also taken on its third license offshore neighboring Suriname after being awarded a 100% operated interest in block 62, adjacent to the company’s blocks 47 and 54.

It plans initial geological work on the area before commissioning new 2D seismic. Tullow has also farmed-down 30% of its interest in the block 47 license to Pluspetrol.

Elsewhere, the company will use data from its recentCormorant-1 well offshore Namibia to assess the next steps for the PEL-37 license.

The well encountered non-commercial hydrocarbons, including gas signatures indicative of oil, in the overlying shale section. This supports the concept of a working oil system in the area. But the company has decided to exit block PEL-30.

Off Mauritania, planning is in progress for P&A of the Chinguetti field following demobilization of the FPSO and temporary suspension of the wells earlier this year.

In the UK North Sea, production from the company’s remaining operated wells has ceased and the planned well P&A program has finished. Decommissioning of these wells continues.

11/15/2018

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