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Tuesday, January 19, 2021

Tullow days away from spudding 2nd wildcat off Guyana coast

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Tullow Oil will soon spud its second wildcat at the 1800 km2 Orinduik Block offshore Guyana with results expected in mid-September. Junior partner on the block, Eco Atlantic Oil and Gas, says the Stena Forth drillship, which made the first discovery at the Jethro-Lobe prospect, is currently moving to the Joe-1 location.

The Joe-1 location is a shallower target, located in water depths of 650 meters, and is expected to be spud by the end of August 2019.

“The drillship is on its way to our next target in Guyana, Joe-1, where we will, together with our partners Total and Tullow Oil (operator), commence the spudding of our second well in the coming days and expect to have results in second half of September,” Gil Holzman, President and Chief Executive Officer of Eco Atlantic, said on Friday in the company’s Q2 earnings report.

Tullow Guyana B.V. is the operator of the Orinduik block with a 60% stake. Total E&P Guyana B.V.  holds 25% with the remaining 15% being held by Eco (Atlantic) Guyana Inc.

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