CGX Energy is on track to spud the Wei-1 well by January 31 as the Noble Discoverer has completed its work with Shell offshore Trinidad and Tobago.
According to reports, the rig has departed for Guyana waters.
The Wei-1 well will be located approximately 14 kilometres northwest of the Kawa-1 exploration well in the Corentyne block, approximately 200 kilometres offshore Guyana and will be drilled in water depth of approximately 1,912 feet (583 metres) to an anticipated total depth of 20,500 feet (6,248 metres).
CGX said the Wei-1 well will target Maastrichtian, Campanian and Santonian-aged stacked channels in a western channel complex in the northern section of the Corentyne block.
London-based energy intelligence firm, Westwood Global Energy, has called Wei-1 a ‘large, high-impact’ prospect and a ‘key well to watch’.
CGX was required to spud Wei-1 – the second of two commitment wells in the Corentyne Block – November 27, 2022. But the Discoverer was completing works offshore Trinidad.
The rig was originally scheduled to arrive in Guyana on October 22.
CGX Energy is the operator of the Corentyne Block and has held a 66.67% stake, up until recently, a deal was made to surrender the majority stake to its partner in the license, Frontera Energy, increasing Frontera’s interest to 68%.