Tullow Oil suggested it began drilling the primary of two exploration wells of its deliberate wildcats off Guyana.
The Anglo-Irish impartial has mobilised the drillship Stena Forth, which arrived on the Orinduik block on or round 24 June, junior block associate Eco Atlantic Oil & Gas mentioned.
Drilling on the Jethro-Lobe tertiary prospect has began, Eco mentioned.
That effectively might be adopted straight by the exploration effectively on the Joe prospect in the identical block.
The block companions chartered the Stena Drilling-owned rig in February at round $170,000 a day.
In May, the possible useful resource estimate for the Orinduik block was boosted by round 37% in a brand new third-party evaluation to just about four billion barrels of oil equal.
The best-case estimate for gross potential sources was upgraded to three.982 billion boe on a proven-and-probable (P50) foundation, in contrast with a earlier determine of two.913 billion boe, within the newest competent individual’s report ready by Gustavson Associates.
The evaluation additionally firmed up a pre-drill P50 useful resource estimate of 214.5 million boe for the Jethro-Lobe prospect – down from an preliminary goal of 250 million boe.
Tullow holds a 60% working stake within the block, along with companions French supermajor Total (25%) and Eco (15%).
Sterna Forth is a SAtena DrillMAX ultra-deepwater drillship constructed by Samsung Heavy Industries at Geoje Shipyard in South Korea in 2009.
(Source: Eco Atlantic)

The publish TULLOW OIL STARTS DRILLING ON THE JETHRO-LOBE PROSPECT appeared first on Energy Global News.

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