Repsol, operator of the Kanuku Block offshore Guyana, is preparing to undertake drilling operations at the Beebei-1 prospect. OilNOW understands the well will be spudded around May 25.
Repsol has a 37.5 stake in the Kanuku Block. The other partners are Tullow (37.5%) and Total (25%).
In a January trading statement, Tullow Oil had said the partners are targeting the Cretaceous light oil play of the Guyana-Suriname Basin.
The Noble Regina Allen has been contracted for use in this period.
The operation is scheduled to conclude around July 15, 2022, according to notices from Guyana’s Maritime Administration Department (MARAD).
Six wells were previously drilled in the Kanuku Block, namely Carapa-1, Jaguar-1, Berbice -2, Abary-1 and Mahaica-1 and 2.
A discovery was made at Carapa-1 in 2020. The co-venturers determined that it was non-commercial, but it was hailed as an important technical discovery.
Repsol has a 37.5% stake in the block, while Tullow has 37.5% and TotalEnergies has 25%.
Exploration campaigns outside of the ExxonMobil-operated Stabroek Block have so far yielded no commercial discoveries. CGX discovered light oil and gas condensate at the Kawa-1 well, but its Senior Technical Advisor Dr. Mark Zoback said earlier this month that it is too soon to say if it is commercial.
The Stabroek Block has delivered over 30 discoveries since 2015, amounting to nearly 11 billion oil-equivalent barrels.