CGX Resources Inc. (CRI) in partnership with its Canadian joint venture partner, Frontera Energy Corporation, said the Wei-1 prospect in the Corentyne Block will be drilled in the May to August period with costs to execute said project starting off at approximately US$93M. CRI and Frontera previously noted that the Wei-1 exploration well will target Campanian and Santonian aged stacked channels in the western fan complex in the northern section of the Corentyne block.
In the event hydrocarbons are encountered, CRI said the drilling programme may be extended.
According to project documents lodged recently with the Environmental Protection Agency (EPA), the site of the proposed Wei-1 well is approximately 200km from Georgetown in a northeasterly direction in the Atlantic Ocean. The area is bordered by the Stabroek and Kanuku petroleum prospecting licenses (PPLs) on the north and west, respectively and Suriname on the east.
The project documents also state that the Wei-1 well will be drilled as a vertical well utilizing a semi-submersible rig. CRI said it has secured an option to use the semi-submersible rig Maersk Discoverer, a mobile offshore drilling unit (MODU) from Maersk Drilling. CRI said Maersk Discoverer was selected because of its potential to drill Wei-1 effectively and safely while adding that the rig is designed to sustain extreme environmental conditions and is certified for offshore operations.
OilNOW understands that the project will involve onshore facilities and marine/aviation services in Guyana to support the exploration drilling and decommissioning activities. CRI in this regard noted that laydown areas, pipe yards, warehouses, fuel supply, heliport, and waste management facilities are planned to be part of the support. The company said it will consider Trinidad & Tobago for back-up service activities if not available in Guyana.
Furthermore, CRI disclosed that it is in discussion with G-Port Inc. for standard offshore Rig support logistics, PSV mooring and other shore base services in Georgetown. It is also in discussion with Tiger Rentals Guyana for non-hazardous and hazardous waste management disposal services and PSV mud tank cleaning services at the GYSBI Inc. location at Houston, Guyana.
Additionally, a Cradle to Grave Waste Analysis is being prepared for the Project. Components of the analysis will speak to waste profile generation, transportation, treatment, storage, and disposal process stream diagrams, associated volumes, related safety data sheets, and other applicable waste profile details.
