Tullow Oil: Carapa-1 Well Net Oil Pay Below Preliminary Estimates
2020年1月2日 - 4:49PM
Dow Jones News
By Ian Walker
Tullow Oil PLC (TLW.LN) said Thursday that preliminary estimates
indicate that the Carapa-1 exploration well on the Kanuku license
offshore Guyana has encountered four meters of net oil pay, which
is below pre-drill forecasts.
The oil-and-gas company said the well was drilled to a depth of
3,290 meters in 68 meters of water and will now be plugged and
abandoned. A pay is a section of a reservoir that contains
economically viable recoverable oil or gas.
Tullow has a 37.5% stake in the well while Repsol Exploracion
Guyana, SA is the operator of the Kanuku block with a 37.5% stake.
Total E&P Guyana BV holds the remaining 25%.
"We will now integrate the results of the three exploration
wells drilled in these adjacent licenses into our Guyana and
Suriname geological and geophysical models before deciding the
future work program, Chief Operating Officer Mark MacFarlane
said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 02, 2020 02:34 ET (07:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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