CGX Energy and Frontera Energy, joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, have secured semisubmersible Maersk Discoverer to drill the Kawa-1 well. An early third quarter spud for the exploration well is targeting a Santonian age, stratigraphic trap, interpreted to be analogous to the discoveries immediately to the east on Block 58 in Suriname.
The well is anticipated to be drilled to a total depth of approximately 6500 m in a water depth of approximately 370 m. The contract has an estimated duration of 75–85 days and has a one-well option attached. If exercised, that probe would spud in the nearby Demerara Block and take an estimated 40 days to reach its target.