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Commodity Pricing

ExxonMobil spuds third Canje prospect offshore Guyana

Sapote exploration well follows on from the Jabillo and Bulletwood prospects

ExxonMobil has spudded a new ultra-deep water exploration on the Canje block offshore Guyana, according to Canada-listed independent Eco Atlantic Oil & Gas.

The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap.
The well is 225 kilometres north-east of Georgetown in 2550 metres of water and is being drilled using the drillship Stena DrillMax. Drilling of the well is expected to take up to 60 days.

Sapote is the third well to be drilled by ExxonMobil in Canje this year, following on from the Jabillo and Bulletwood prospects, both of which failed to find commercial hydrocarbons.
The Sapote prospect is located in the south-east section of the Canje permit, 50 kilometres north of the Haimara discovery in the Stabroek block.

The Canje block is operated by ExxonMobil (35%), TotalEnergies (35%), JHI Associates (17.5%) and Mid-Atlantic Oil & Gas (12.5%). Eco Atlantic said it holds an indirect interest in the Canje block as a result of its transaction to acquire up to 10% interest in JHI.

Gil Holzman, chief executive of Eco Atlantic, said: “We are excited about the potential of the Sapote-1 well and look forward to receiving the well results in due course. 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.”

Source: Upstream | This text was excerpted from the media outlet cited on August 31, 2021 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.