Latest update February 3rd, 2025 7:00 AM
Jun 22, 2019 News
With 35 percent of the working interest in its grasp, ExxonMobil holds the position of lead operator for the Kaieteur Block. It is expected to drill the first well next year.
This is noted in a report commissioned by one of Exxon’s partners on the block, Ratio Petroleum, which holds 25 percent of the petroleum rights. The report was prepared by Netherland, Sewell & Associates Inc. (“NSAI”).
This newspaper understands that the first well in the Kaieteur Block will be on the Tanager Prospect during the first half of 2020. This of course, is subject to the standard permitting and regulatory approvals.
Furthermore, the NSAI report describes the Tanager Prospect as a stacked reservoir prospect (Maastrichtian to Turonian reservoir intervals) and assigns a ‘Best Estimate’ of the unrisked Prospective Oil Resource to be about 256.2 million barrels, with an aggregate probability of geologic success pegged at 72%.
The Kaieteur Block is located approximately 155 miles (250 kilometers) offshore Guyana and is adjacent to the Stabroek Block where total recoverable resources of more than 5.5 billion barrels of oil equivalent have been discovered to date.
The Kaieteur Block covers 3.3 million acres (13,535 square kilometers) and is located in ultra-deep waters. Three-D seismic survey was completed in 2017 on this block.
Feb 03, 2025
Kaieteur Sports- The ExxonMobil Guyana Global Super League (GSL) 2025 has been confirmed to run from 8 to 18 July 2025. All 11 matches of the tournament will take place at the iconic Guyana National...Peeping Tom Kaieteur News- One might have expected that a ruling party basking in the largesse of oil wealth would chart... more
Antiguan Barbudan Ambassador to the United States, Sir Ronald Sanders By Sir Ronald Sanders Kaieteur News- The upcoming election... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]