(Energy Analytics Institute, 15.Sep.2020) — Ratio Guyana, an affiliate of Tel Aviv-based Ratio Petroleum, announced the arrival of the Stena Carron drillship to the Tanager prospect and the start of drilling operations, which are expected to take about three months.
What follows is an update from Ratio related to its activities on the Kaieteur Block offshore Guyana.
Guyana’s Kaieteur Block covers an area of approximately 13,500 square kilomters at water depths ranging between 2,800 and 3,800 meters.
ExxonMobil operates the block with 35% working interest with partners Ratio Guyana with a 25% interest, Cataleya with a 25% interest and Hess with the remaining 15% interest.
The Kaieteur Block is adjacent the prolific Stabroek Block, where the Liza discovery was made by ExxonMobil in 2015. Liza was the first oil discovery in Guyana and 16 additional discoveries have since been made in the bloc. To date, the total proven reserves in the block amount to more than 8 billion barrels of oil.
During 2017, a 3D seismic survey was conducted covering an area of 5,750 sq km.
In February 2019, ExxonMobil, as part of the interpretation process of the seismic survey data and in accordance with the terms of the agreement, decided to carry out an exploratory well in the Kaieteur block, in a prospect located in the southern part of the block. ExxonMobil’s decision was taken after a number of leads (in several stages of maturity) were identified in the block.
In May 2019, Ratio Guyana told ExxonMobil it was going to hold its possession in the block and finance its share of the upcoming exploration drilling.
August 2020, Ratio Guyana announced the arrival of the Stena Carron drillship to the Tanager prospect and the beginning of the operations, which are expected to last around three months.
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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
