Saturday, May 21, 2022

Fangtooth drilling results expected early next year, says Stabroek Block co-venturer

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OilNOW
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Results from drilling operations at the Fangtooth-1 prospect located at the 6.6 million acres Stabroek Block offshore Guyana is expected in early 2022, a co-venturer on the license has confirmed.

“Fangtooth’s results are expected sometime in the second quarter. We’re on the well, we spud the well, you know, and then drilling top hole for the well,” said Greg Hill, President and Chief Operating Officer of Hess Corporation, a 30 percent stakeholder at the Stabroek Block. He was speaking at the time at the Global Energy Conference 2021, held in November.

The Stena DrillMAX is undertaking exploration operations at the well site, located 9 miles northwest of Liza-1, approximately 103.1 nautical miles (191.0 kilometers) offshore. The drill site covers an area of 0.29 square nautical miles (1 square kilometre).

Hill reminded that the co-venturers will be pursuing a 12-well exploration and appraisal drilling programme on the block next year, similar to activities on the acreage during 2021.

“If we can continue that pace for the next several years, we can prosecute most of what we want to on the block,” he stated.

The co-venturers have been looking closely at the potential for more hydrocarbons at deeper zones, particularly the tails on existing wells.

OilNOW understands the drilling results at Fangtooth is expected to provide key data that would guide future developments in the area.

“In the case of Fangtooth, if it’s big enough, it can potentially be a standalone hub on its own so it’s going to be a combination of tiebacks and potentially hub-class deeper opportunities on their own right,” Hess Corporation’s CEO, John Hess, has said.

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