Peterson lands Repsol deal for Guyana wildcat

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(Upstream) Repsol has handed UK player Peterson a deal to be the main logistics contractor for the Spanish major’s upcoming wildcat on the Kanuku block off Guyana.

Peterson will provide Repsol with integrated supply base operations management, logistics and pipeyard operations for the Carapa-1 exploration well, which is set to spud in the current quarter.

Peterson said it will provide the services from bases in Trinidad & Tobago as well as Guyana.

In late March, Repsol booked the Super 116E-class jack-up EXL II to drill the well. The rig is owned by Valaris, which is the new name of EnscoRowan, following the merger of Ensco and Rowan.

The Kanuku block lies south of the prolific ExxonMobil-operated Stabroek block, where the US supermajor has recently nudged up the discovered recoverable resource base to more than 6 billion barrels of oil equivalent.

Repsol is joined on the Kanuku block by French supermajor Total, each with 37.5%, and Anglo-Irish independent Tullow Oil, which is on 25%.

However, Qatar Petroleum (QP) has recently agreed to take a 10% stake from Total, which would see the latter’s stake reduced to 27.5%.

QP at the same time agreed to take a 10% stake off Total in the Tullow-operated Orinduik block, also off Guyana. Tullow, Total and 15% partner Eco Atlantic Oil & Gas are currently drilling ahead at the Jethro-1 wildcat with the Stena Drilling-owned drillship Stena Forth. Early results from the well are due within days.

Jethro-Lobe is the first prospect to be drilled as part of a two-well programme on Orinduik and will immediately be followed by the drilling of an exploration well on the Joe prospect.

The 1800 square-kilometre Orinduik block is located in the shallow-water Suriname-Guyana basin, adjacent to Stabroek.

Apart from Jethro-Lobe and Joe, other prospects on Orinduik include Kumaka, Amaila, Aurituk, Amatuk, Rappu, Tuktuk, Drios, Blacktip, Mako and Iatuk.


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