Exxon Drills Dud at Bulletwood Offshore Guyana
Latest Canje Block test does not find commercial hydrocarbons.
Exxon encountered noncommercial hydrocarbons with a test of its Bulletwood prospect in the Canje Block in the Guyana-Suriname basin. The well, located in 2846 m of water, was drilled to its planned target depth of 6690 m using drillship Stena Carron.
Data collection from the Bulletwood-1 well confirms the presence of the Guyana-Suriname petroleum system and the potential prospectivity of the Canje Block, said partner Westmount Energy. Bulletwood-1 was the first of three scheduled wells to be drilled on the block in 2021. Wells Jabillo-1 and Sapote-1 are expected to spud over the coming months.
Exxon operates the Canje Block via its Esso Exploration and Production Guyana unit, which has a 35% stake. Total has 35%, JHI 17.5%, and Mid-Atlantic Oil & Gas 12.5. Westmount holds a 7.7% stake in JHI.
While the well results were disappointing, Exxon’s success rate in the area is still around 80% from 18 wells and expects its production from the region to reach 750,000 B/D by 2026.