(Offshore Magazine)— CGX Energy Inc. and Frontera Energy Corp., joint venture (JV) partners in the petroleum prospecting license for the Corentyne Block offshore Guyana, have spud the Wei-1 well.
The JV also announces that the government of Guyana has approved an appraisal plan for the northern section of the Corentyne Block, which commenced with the Wei-1 well, which is located about 200 km offshore Guyana.
Following completion of Wei-1 drilling operations and upon detailed analysis of the results, the JV may consider future wells per its appraisal program to evaluate possible development feasibility in the Kawa-1 discovery area and throughout the northern section of the Corentyne Block.
Any future drilling is contingent on positive results at Wei-1, and the JV has no further drilling obligations beyond the Wei-1 well.
The Wei-1 well is located about 14 km northwest of the JV’s previous Kawa-1 light oil and condensate discovery and will be drilled in water depth of about 1,912 ft (583 m) to an anticipated total depth of 20,500 ft (6,248 m). The Wei-1 well will target Maastrichtian, Campanian and Santonian aged stacked sands within channel and fan complexes in the northern section of the Corentyne Block.
The well is expected to take about four to five months to reach total depth.
