Tullow Oil reveals discovery of higher quality crude oil offshore Guyana


Tullow Oil reveals discovery of higher quality crude oil offshore Guyana

Monday, January 06, 2020

Print this page Email A Friend!

GEORGETOWN, Guyana (CMC) — UK-based company Tullow Oil, last Thursday revealed that it has discovered a higher quality of crude oil offshore Guyana, in the Carapa-1 well within the Kanuku licence.

According to the company, while the well hit only four metres net oil pay, which was below pre-drill expectations, the discovery is in the Cretaceous play and is higher quality crude — rather than the heavy, sulphurous oil found last year in the Orinduik licence block.

Oil found in the Carapa well was tested and confirmed as 27 degree API crude with a sulphur content below one per cent.

The Carapa result suggests an extension of the Cretaceous play from Exxon's prolific Stabroek licence — which has seen 15 successful wells, for around six billion barrels of crude resources in the Kanuku block.

“The Carapa-1 result is an important exploration outcome with positive implications for both the Kanuku and Orinduik blocks,” said Tullow's chief operating officer Mark MacFarlane.

“While net pay and reservoir development at this location are below our pre-drill estimates, we are encouraged to find good quality oil which proves the extension of the prolific Cretaceous play into our acreage.

“We will now integrate the results of the three exploration wells drilled in these adjacent licences into our Guyana and Suriname geological and geophysical models before deciding the future work programme.”

Repsol Exploración Guyana is the operator of the Kanuku block with a 37.5 per cent stake.

Tullow Guyana also holds a 37.5 per cent stake, with Total E&P Guyana holding the remaining 25 per cent.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon