Tuesday, August 9, 2022

Repsol conducting survey at Guyana block ahead of 2022 drill campaign

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Spanish oil company Repsol is moving to conduct a geotechnical survey at the Kanuku Block offshore Guyana where it plans to drill another exploration well in 2022.

This exercise will incorporate the use of the PSV MIA and will take place approximately 68 nautical miles (125.94 kilometres) offshore, covering an area of 6.4 square nautical miles (22.10square kilometres).

Repsol’s Head of Exploration for the Americas, Tomas Zapata, said back in August that the company is optimistic about hitting pay in 2022 after the first well drilled on its Kanuku license – Carapa-1 -failed to encounter commercial hydrocarbons in 2020.

“Next year, we are going to drill a well in the area and we are preparing for that,” he said, explaining that once a decision is made where to drill, a size survey has to be conducted and a vessel has to be deployed to acquire seismic data and check the shallow hazards. After this is done, another vessel has to be sent to collect samples and conduct a geotechnical survey.

“All of those things take up to one year or more because we have to deal with weather conditions as well,” the official said.

Repsol is the operator of the Kanuku Block with a 37.5 stake. The other partners are Tullow (37.5%) and Total (25%).

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