Apache eyeing large prospects offshore Suriname; mid-year drill campaign targeted

Must Read

Brent oil advances

(Bloomberg) -- Brent crude rose in Asia as some economic data pointed to signs of recovery, though rising virus infections across...

Over 2,400 Guyanese suppliers now accessing O&G procurement opportunities

More than 2,400 Guyanese businesses are now registered on the Centre for Local Business Development’s (CLBD) Supplier Registration Portal...

Guyana oil potential remains strong, but country must avoid becoming another Venezuela

Venezuela, the country with the largest proven oil reserves in the world, continues to experience a rapid decline in...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

Houston-based Apache Corporation is set to spud its first well offshore Suriname by mid-year in Block 58 which sits adjacent to sections of the prolific Stabroek Block where ExxonMobil has found more than 5.5 billion barrels of oil equivalent.

Apache has completed a substantial geologic and geophysical evaluation of Block 58 and has identified numerous, large, drill-ready prospects across multiple different play concepts.

The company has already contracted a drillship for the foray offshore the Dutch-speaking South American country.

ExxonMobil announced its 11th and 12th discoveries – Tilapia and Haimara – in the Stabroek Block in February, bringing its total discoveries in Guyana to 12. The Haimara-1 well, encountered approximately 207 feet (63 metres) of high-quality gas condensate-bearing sandstone reservoir and was drilled to a depth of 18,289 feet (5,575 metres) in 4,590 feet (1,399 metres) of water.

Haimara is located at the south eastern end of the 6.6 million acres Stabroek Block and is the closest point to Block 58, for which a discovery has been made.

Block 58 covers an area of 5,844 km2 and is located approximately 150km off the Suriname coast. The block lies in water depths of 55-2,250m.

- Advertisement -

Latest News

Brent oil advances

(Bloomberg) -- Brent crude rose in Asia as some economic data pointed to signs of recovery, though rising virus infections across...

Over 2,400 Guyanese suppliers now accessing O&G procurement opportunities

More than 2,400 Guyanese businesses are now registered on the Centre for Local Business Development’s (CLBD) Supplier Registration Portal where they are able to...

Guyana oil potential remains strong, but country must avoid becoming another Venezuela

Venezuela, the country with the largest proven oil reserves in the world, continues to experience a rapid decline in output, reaching just around 300,000...

Heavy oil at Orinduik Block becoming more attractive as Venezuela’s supply dwindles – Gil Holzman

Even though the oil discovered in the Jethro and Joe wells at the Orinduik block turned out to be heavier than expected, one of...

Regulating the sale of Guyana’s crude oil lifts’ entitlement

This provision is inevitably controversial because it provides for the parties not simply to overlift crude oil that may have been scheduled to be...

More Articles Like This