Drilling operations to commence on Kaieteur block, Guyana

    Aug. 13, 2020
    Drilling of Tanager-1, Kaieteur block, offshore Guyana, will commence imminently with the arrival of the Stena Carron drillship.

    Drilling of Tanager-1 on the Kaieteur block offshore Guyana will commence imminently with the arrival of the Stena Carron drillship. Tanager-1 has a target total depth of 8,000 m and will take an estimated 90 days to drill. Tanager is a stacked prospect in the Maastrichtian to Turonian reservoir intervals with unrisked estimated gross (100%) Prospective Oil Resource of 256.2 million bbl. Low estimate is 135.6 million bbl and high estimate is 451.6 million bbl. Aggregate probability of geologic success is 72%.

    The aggregate gross unrisked prospective resource best estimate for nine prospects in the southern part of the Kaieteur block, where the Tanager prospect lies, is 2.1 billion bbl (aggregate low to high estimates of 694 million bbl to 5.85 billion bbl). The 13,535-sq-km Kaieteur block lies 250 km offshore Guyana, adjacent to and in the same geological basin as the Stabroek block.

    Esso Production & Exploration Guyana Ltd., an ExxonMobil subsidiary, is operator (35%) with partners Cataleya Energy Ltd. (25%), Ratio Guyana Ltd., (25%) and a subsidiary of Hess (15%) (OGJ Online, Apr. 26, 2018).

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