Oil and gasoline firm Tullow has employed a drillship to drill for oil in its Orinduik Block, offshore Guyana, Eco Atlantic, a companion within the venture, has knowledgeable.
The rig in query is the Stena Forth, a sixth-generation drillship owned by Stena Drilling. The Stena Forth drillship will drill the 250 million barrel Jethro-Lobe prospect on the Orinduik Block offshore Guyana, close to the block containing a dozen of oil discoveries made by ExxonMobil up to now three years.
The Stena Forth is a harsh surroundings, dynamically positioned Class three drillship, able to working in as much as 10,000 ft of water to a most drill depth of 35,000 ft. The Stena Forth is at the moment drilling for Tullow in Ghana below a contract awarded in July 2018.
“Eco Atlantic confirms that the contract with Stena secures the rig for transport on the finish of May, concentrating on a June 2019 spud date. Further, the settlement additionally defines a window for a second nicely on the Orinduik Block, which might be drilled after the Jethro-Lobe nicely has been drilled. Long lead gadgets, together with the wellheads and casings for 2 wells, have been secured and ordered. The Orinduik companions are at the moment reviewing plans for a second nicely and anticipate formalizing these plans within the coming week,” Eco Atlantic mentioned.
Eco holds a 15% working curiosity within the block, Total – which not too long ago acquired working curiosity from Eco – has 25% curiosity and the operator Tullow Oil holds the remaining 60%.
Eco Atlantic didn’t present particulars on the Stena Forth contract worth, nor on the contract size.
The firm mentioned that the partnership, when deciding on the rig for use for the Jethro-Lobe nicely, factored in the truth that the Stena Forth is already working in an analogous drilling surroundings with an skilled crew, and the operator has a superb understanding of the working necessities.
The companions have additionally accredited the vast majority of the rig servicing contracts to make sure easy and well timed operations with the Stena Forth. Wellheads have been ordered from DrillQuip, and help ship and infrastructure agreements at the moment are underway, Eco Atlantic mentioned.
Colin Kinley, Chief Operating Officer for Eco Atlantic, acknowledged: “Eco is happy to have secured the Stena Forth Drillship for this preliminary drill program on Orinduik. This state-of-the-art Class three Rig has general capability rankings at near double our working necessities. The rig is working, which is a superb benefit to the companions.
“The companions chosen the 250 million barrel Jethro-Lobe Tertiary prospect in December, which is just a few kilometers away and up dip from a number of Exxon discoveries within the area and in the identical confirmed useful resource intervals. While the Jethro-Lobe is a Tertiary goal, which we imagine is much like the Exxon Hammerhead discovery that seems to increase onto Orinduik, we may also drill down to check the Cretaceous part beneath Jethro.”