Independent Prospective Resource Study Results Announced For Offshore Guyana
Drilling Activity Details
Drilling Activity Summary
Description
Results from an independent prospective resource study and report were announced by Frontera Energy and CGX Energy for the offshore Guyana Corentyne North Area, Corentyne Main Area and Demerara blocks. A total of 32 prospects were identified in the study in both blocks (27 in the Corentyne Block and five in the Demerara Block): The unrisked volume is 6.089 MMboe, and the risked volume is 1.09 MMboe. According to the company, the prospects are oil (64%), gas (28%) and the remainder condensate (8%). An exploration well in the Corentyne Block at #1-Kawa is planned in the second half of 2021 and will target a stratigraphic trap in Campanian-Santonian-aged rocks. Nearby discoveries are to the east in Suriname’s Block 58. In the Demerara Block, exploration well #1-Makarapan will be targeting an Aptian stratigraphic prospect. Toronto-based Frontera holds a direct working interest of 33.3% in both the offshore Corentyne and Demerara blocks, and CGX holds 73.8% interest.
Results from an independent prospective resource study and report were announced by Frontera Energy and CGX Energy for the offshore Guyana Corentyne North Area, Corentyne Main Area and Demerara blocks. A total of 32 prospects were identified in the study in both blocks (27 in the Corentyne Block and five in the Demerara Block): The unrisked volume is 6.089 MMboe, and the risked volume is 1.09 MMboe. According to the company, the prospects are oil (64%), gas (28%) and the remainder condensate (8%). An exploration well in the Corentyne Block at #1-Kawa is planned in the second half of 2021 and will target a stratigraphic trap in Campanian-Santonian-aged rocks. Nearby discoveries are to the east in Suriname’s Block 58. In the Demerara Block, exploration well #1-Makarapan will be targeting an Aptian stratigraphic prospect. Toronto-based Frontera holds a direct working interest of 33.3% in both the offshore Corentyne and Demerara blocks, and CGX holds 73.8% interest.