Tullow Eyes Two Guyana Exploration Wells In 2H:19

Instant Max AI

(Tullow, 26.Jun.2019) — In Guyana, Tullow plans to drill two consecutive exploration wells in the second half of 2019 on the Orinduik licence with the Stena Forth drillship which is currently in transit from Ghana.

The first well will target the Lower Tertiary Jethro prospect and drilling is expected to commence at the end of June and take approximately 40 days. The rig will then move to drill the Upper Tertiary Joe prospect.

The Rowan EXL II jack-up rig has also been contracted to drill the Cretaceous Carapa prospect in the non-operated Kanuku licence and is expected to commence operations in August.

Tullow also continues to seek to access new acreage in both Africa and South America.

Earlier this year, Tullow won three blocks in the Malvinas West Basin, offshore Argentina, in a competitive bidding round. Tullow won operated 40% interests in Blocks 114 and 119 and a 100% interest in Block 122, with formal award due later this year.

The Government of Peru has approved Tullow’s entry into two licences, Z-38 and Z-64 and work continues to secure other licences. A non-operated, exploration well is being planned for drilling in Z-38 in early 2020.

“Our exciting and potentially material drilling campaign in Guyana will get underway later this month with the spud of the first of three wells planned for 2019.”

— Tullow Oil Plc CEO Paul McDade said 26 June.

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