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Tullow’s recent find suggests high quality oil exists in Kanuku, Orinduik Blocks – report

Jan 03, 2020 News

… Could mirror Stabroek Block discoveries

Tullow has discovered at Carapa-1 well in the Kanuku Block high quality oil that mirrors that of the Stabroek Block discoveries.
Preliminary results of drilling, wire line logging, pressure testing and sampling of the reservoir fluid indicated that the oil is 27 degrees API with the sulphur content of less than one percent unlike the previous discovery of heavy crude.
A detailed laboratory analysis of the oil quality will follow in due course, but current results show a similar quality to the Stabroek Block’s Liza crude.
Liza Crude bears a density of 32.1 degrees and sulphur content of 0.51 percent.
A release from Tullow indicates that the Carapa-1 oil discovery suggests the extension of the Cretaceous oil play from the Stabroek license southwards into the Kanuku license. The 27 degrees API oil supports the significant potential of the Cretaceous play on both the Kanuku and adjacent Orinduik license, it noted.
The Carapa-1 results are an important exploration outcome with positive implications for both the Kanuku and Orinduik blocks. The results of the three drilled exploration wells will be integrated in the adjacent licenses into Guyana and Suriname geological and geophysical models before the company can decide their future work program.
The total number of gross recoverable resource of the two wells which were previously discovered; Jetho Prospect and Joe Prospect in the Kanuku Orinduik block is 2.75 billion barrels of oil equivalent and a total of US$10 M.
The Valaris EXL II jack-up rig drilled the Carapa-1 well to a total depth of 3,290 meters in the 68 meters of water and the well will now be plugged and abandoned.
Repsol Exploration Guyana S.A, operator of the Kanuku block holds a stake of 37.5 percent and Tullow Guyana has a stake of 37.5 percent, with total E&P Guyana B.V holding the remainder of 25 percent.

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