The Maersk Discoverer is a 6 th Generation semi-submersible mobile drilling unit capable of operating in 3, meters water depth. Its primary features are a 15, psi rated well control system, a dual activity derrick, and a moored capability with dynamic positioning.
These features make it an excellent fit for the Kawa-1 well's subsurface conditions, drilling requirements, and the water depth on location.
Frontera announces that its first quarter results will be released after markets close on Wednesday, May 5, A conference call for investors and analysts will be held on Thursday, May 6, at a. A replay of the conference call will be available until p. Frontera Energy Corporation is a Canadian public Company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America , including related investments in both upstream and midstream facilities.
The Company has a diversified portfolio of assets with interests in 40 exploration and production blocks in Colombia , Ecuador and Guyana , and pipeline and port facilities in Colombia.
Frontera is committed to conducting business safely and in a socially, environmentally and ethically responsible manner. This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, statements regarding the Company's exploration and development plans and objectives with regards to the Kawa-1 well, including its drilling plans and the timing thereof and the entering into of a guarantee to support the Rig Contract are forward-looking statements.
These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
The sixth-generation semi-submersible drilling rig Maersk Discoverer is currently in Guyana waters for a drill campaign at the Kawa-1 well site on the Corentyne block. CGX Energy said the Kawa-1 well is expected to de-risk multiple other prospects on the block which also have stacked reservoirs and similar structural geometries. Proximity of the Corentyne block to the Cretaceous Berbice Canyon sediment source is interpreted to have concentrated sandstone reservoirs in the North Corentyne area.
Channelized, stacked internal fan geometries evident on 3D seismic are indicative of thick, stacked, coarser-grained sand reservoirs. The primary target of the Kawa-1 well is a light oil, large Santonian slope fan complex with an overlying Campanian fan in a combination structural and stratigraphic trap. Trapping of hydrocarbons within Campanian to Santonian aged sandstone reservoirs is expected to be provided by a pinch-out of the reservoir section up-dip.
CGX Energy said earlier this month the Kawa-1 well will also penetrate secondary objectives in a shallower Campanian sand and a deeper Santonian sand which the joint venture believes has additional hydrocarbon potential. CGX Energy expects the well will take approximately 85 days to reach total depth. OilNOW had reported that the company was granted a one-year extension by the Guyana government last November, on its schedule to conduct drilling operations on the Corentyne block.
Kawa-1 is the first of two wells CGX Energy is expected to spud this year. The second well — Makarapan-1 — is located on the Demerara block and is expected to be drilled to a total depth of approximately 3,m in water depth of around 1,m.
One high-profile prospect is eyed for the fourth quarter when ExxonMobil will drill its first dedicated well to test the deep potential of the Fangtooth-1 wildcat, located 14 kilometres north-west of the giant Liza field. As for TotalEnergies, the company has chartered two Maersk units — the semi-submersible rig Maersk Developer and the drillship Maersk Valiant — for exploration and appraisal work at Block 58 offshore Suriname.
Since January , TotalEnergies and partner US independent Apache have made five big finds in Block 58, with the duo already planning to install a mid-sized floating production, storage and offloading vessel in the permit later this decade.
A ninth rig arrived in the basin a few days ago. Rigs And Vessels. Alert me about Rigs And Vessels. Guyana-Suriname basin to host 10 drilling rigs next year Exploration and appraisal work is booming in hot hydrocarbons play. Related news ExxonMobil misses out at latest Guyana exploration well Exploration. Field Development.
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