Tullow fails to strike oil at Araku prospect in Suriname

0

The Araku-1 exploration well in Suriname has been drilled to a total depth of 2,685 metres and penetrated the objectives of the Araku prospect. No significant reservoir quality rocks were encountered although logging and sampling proved the presence of gas condensate.

The well is now being plugged and abandoned. Important geological insights gained from this well, in combination with high quality 3D seismic data, have de-risked deeper plays which offer significant future exploration potential in the Group’s acreage.

The Araku well was drilled in Block 54 in water depths of approximately 1,000 metres using the Noble Bob Douglas drillship. Tullow Oil operates Block 54 with a 30% interest alongside joint venture partners, Statoil (50% interest) and Noble Energy (20% interest).