Wednesday, July 6, 2022

Explorers probing deeper targets to add bigger volumes in Guyana hotspot

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For 2022, Hess Corporation’s Chief Operating Officer (COO), Greg Hill said a number of exploration wells are planned for the Stabroek Block.

During the company’s Q4 2021 Earnings Call, he said these include Barreleye-1, located approximately 20 miles southeast of Liza. Hill said the primary target is the lower Campanian with shallow and deeper secondary targets while noting that the well spud was on December 30, 2021.

As for Tarpon-1, Hill said this target is located approximately 63 miles northwest of Liza, and will target lower Campanian clastic, plus a deeper Jurassic carbonate. The well will spud following completion of operations at Fangtooth.

Up next, he said is Patwa-1 which is near the Turbot area discoveries. Hill said the well is approximately three miles northwest of the Cataback-1 discovery, with targets in upper Cretaceous clastic reservoirs. This well is anticipated to spud in March.

Also on the list is Lukanani-1 which Hess said is in the southeastern part of the Stabroek Block and located approximately 2 miles west of Pluma. It is anticipated to spud in March. The COO said the primary target is Maastrichtian age clastic reservoirs, with secondary objectives in lower Campanian reservoirs.

Turning his attention to the appraisal programme in 2022, the COO said this will be focused on delineating future developments. Hill said first quarter appraisal activities will include the Tilapia-2 appraisal well, located approximately 24 miles southeast of Liza-1 while noting that it will appraise the February 2019 Tilapia-1 discovery in the Turbot area. It is anticipated to spud in March.

In addition, he said the joint venture partners plan to conduct drill stem tests at Tilapia-1 and Pinktail-1.

The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional multibillion barrel unrisked exploration potential.

There, Hess has a 30 percent interest and ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) is the operator with 45 percent working interest. Holding the remaining 25 percent stake is CNOOC Petroleum Limited.


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