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…after two previous wells at Canje turn out dry
Another well on the Canje Block offshore Guyana, the Sapote-1 well, has been spudded with the drilling of the well expected to take up to 60 days.
This was announced by Eco (Atlantic) Oil & Gas Ltd which was officially informed about the same by its investee company, JHI Associates Inc.
This marks ExxonMobil’s third well on the Canje block for the year with the previous two — Bulletwood-1 and Jabillo-1 — coming up dry.
“With other drilling targets in the region having yielded significant discoveries, now totalling billions of barrels of oil and oil equivalent, we are excited about the potential of the Sapote-1 well and look forward to receiving the well results in due course,” President and Chief Executive Officer of Eco Atlantic, Gil Holzman said.
The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap. It is approximately 225 km northeast of Georgetown in 2,550 meters of water and is being drilled with the Stena DrillMax drillship.
It is located in the southeastern section of Canje, approximately 50 km north of the Haimara discovery in the Stabroek Block which encountered ~207 feet (63 meters) of high-quality, gas-condensate bearing sandstone reservoir. It is also approximately 60 km northwest of the Maka Central discovery in Block 58 which encountered ~164 feet (50 meters) of high-quality, oil-bearing sandstone reservoir.
Hozman added: “We also are keen to deliver additional drilling success with our next exploration campaign on our neighbouring Orinduik block in the Basin and the follow-through potential of Exxonmobil’s recently announced multiple well pre-permitting on the Canje Block next year. We are entering a very busy period of drilling and updating drilling plans and we look forward to updating the market in the coming months on our progress of the Orinduik Block and on the Sapote-1 results.”
Eco holds an indirect interest in the Canje Block as a result of its transaction to acquire up to 10 percent interest in JHI, and JHI is fully funded for the ongoing program on the Canje Block, including for the Sapote-1 well and any additional potential wells considered for this year.
Meanwhile, the Canje Block is operated by ExxonMobil and is held by Working Interests partners Esso Exploration & Production Guyana Limited (35 percent), with TotalEnergies E&P Guyana B.V. (35 percent), JHI Associates (BVI) Inc. (17.5 percent) and Mid-Atlantic Oil &