The dynamically positioned Stena Forth Class 3 drillship has sailed into Guyana waters and will soon embark on a drill campaign at the Orinduik Block where UK-based Tullow Oil and its co-venture partners are optimistic of striking crude.
Tullow Oil will drill the Jethro-1 prospect which is expected to be followed by a second well named Joe.
Junior partner, Eco Atlantic Oil and Gas, has said the Orinduik Block could contain as much as 4 billion barrels of recoverable oil. Orinduik is located next to the prolific Stabroek Block where US oil major ExxonMobil has already found more than 5.5 billion barrels of crude.
Tullow, the operator of the Orinduik Block, has 60 percent stake, Total has 25 percent and Eco Atlantic has 15 percent.