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Tullow Oil Announces the Joe-1 Exploration Well successfully in the Guyana Basin

Gasoil News - Published on Wed, 18 Sep 2019

Image Source: tullowoil.com
The Joe-1 exploration well was drilled by the Stena Forth drillship to a Total Depth of 2,175 metres in water depth of 780 metres. Evaluation of logging and sampling data has confirmed that Joe-1 has encountered 14 metres of net oil pay in high-quality oil bearing sandstone reservoirs of Upper Tertiary age. Joe is the first oil discovery to be made in the Upper Tertiary and de-risks the petroleum system in the west of the Orinduik block, where a significant number of Tertiary and Cretaceous age prospects have been identified. Tullow and its Partners will now evaluate data from the Joe-1 discovery alongside data from the Jethro-1 discovery announced in August 2019 and await the outcome of the Carapa well to determine the optimal follow-on exploration and appraisal programme. The non-operated Carapa-1 well on the Kanuku licence is scheduled to commence drilling in late September with the Rowan EXL II jack-up rig and will test the Cretaceous oil play with a result due in the fourth quarter of 2019. Joe-1 was drilled on the Orinduik licence, offshore Guyana by Tullow’s wholly owned subsidiary Tullow Guyana BV.

Meanwhile, Tullow Guyana BV is the operator of the Orinduik block with a 60% stake. Total E&P Guyana BV holds 25% with the remaining 15% being held by Eco Guyana Inc. On completion of operations, the Stena Forth drill ship will depart Guyana and return to Ghana.

Source :

Posted By : Rabi Wangkhem on Wed, 18 Sep 2019
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