Oil and gasoline firm Tullow Oil has postponed the drilling of its exploration effectively on a block positioned offshore Suriname. Meanwhile, Tullow is seeking to rent a rig for the effectively.
Tullow mentioned in an operational replace on Wednesday that the drilling of the Goliathberg-Voltzberg North prospect (GVN-1) in Block 47 is deliberate for the primary quarter of 2021.
Tullow additionally added rig is anticipated to be contracted shortly for this Upper Cretaceous prospect.
The effectively can be testing twin targets within the Cretaceous turbidite play in roughly 1,900 metres of water.
Tullow’s plans from a few 12 months in the past anticipated that the effectively could be drilled within the second half of 2020.
In an replace in March 2020, Tullow added extra particulars to its plans and mentioned it had deliberate to drill the effectively within the fourth quarter of 2020.
However, the effectively has now been postponed. Tullow supplied no clarification for the delay however the present scenario available in the market has pushed many operators to revise their exploration plans and delay the wells and it’s no shock that Tullow’s plans have been postponed as effectively.
The Goliathberg-Voltzberg North prospect lies roughly 260 kilometres off the coast of Suriname.
It is one in all a collection of leads and prospects on the flank of the Demerara High.
Tullow signed a Production Sharing Contract with Staatsolie in relation to Block 47 in September 2010.
It is a 2,369 sq km deepwater exploration license the place there may be potential to increase the Jubilee play from West Africa throughout the Atlantic to Suriname.
The publish Tullow delays Suriname effectively with rig hunt below manner appeared first on Offshore Energy.