The drillship Stena Carron is set to depart the Tanager-1 well site in the Kaieteur block and will take up a new assignment at the Redtail area, back in the adjacent Stabroek block, for an exercise that is set to conclude at the end of December.
The Stena Carron recently concluded a drill campaign at Tanager-1, the deepest well ever to be drilled offshore Guyana at over 25,000 feet, where preliminary results indicate that the volume of hydrocarbons found does not justify a stand-alone development.
The Redtail-1 drill site is located approximately 103 nautical miles from the coast of Guyana and covers an area of one square kilometre. Back in September, ExxonMobil, operator at the Stabroek block, announced that it had hit pay at the Redtail prospect, bringing the total number of discoveries on the block to 18 since 2015.
Redtail-1 encountered approximately 232 feet of high-quality oil-bearing sandstone and was drilled in 6,164 feet of water. The well is located approximately 1.5 miles (2.5 kilometers) northwest of the Yellowtail-1 discovery where an additional 69 feet (21 meters) of net pay in newly identified, high-quality oil-bearing reservoirs were detected at Yellowtail-2.
Yellowtail is likely to be the 4th development at Stabroek block, targeting 220,000 barrels of oil per day (bpd). If confirmed, it will follow the Liza Phase 1 (120,000 bpd), 2 (220,000 bpd) and Payara Developments (220,000 bpd).