The
According to the company, while the well hit only four metres net oil pay, which was below pre-drill expectations, the discovery is in the Cretaceous play and is higher quality crude - rather than the heavy, sulphurous oil found last year in the Orinduik licence block.
Oil found in the Carapa well was tested and confirmed as 27 degree API crude with a sulphur content below one percent.
The Carapa result suggests an extension of the Cretaceous play from
'The Carapa-1 result is an important exploration outcome with positive implications for both the Kanuku and Orinduik blocks,' said Tullow's chief operating officer
'While net pay and reservoir development at this location are below our pre-drill estimates, we are encouraged to find good quality oil which proves the extension of the prolific Cretaceous play into our acreage.
'We will now integrate the results of the three exploration wells drilled in these adjacent licences into our
Repsol Exploración
Tullow Guyana also holds a 37.5 percent stake, with Total EandP Guyana holding the remaining 25 percent.
© Pakistan Press International, source