Tullow Swings and Misses off Guyana
Target sands for the Beebei-Potaro well find water.
Tullow Oil has come away empty with its Beebei‑Potaro exploration well, drilled in the Kanuku license, offshore Guyana. According to the company, the well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. Noble jackup Regina Allen drilled the well to a total depth of 4325 m in 71 m of water. The well has been plugged and abandoned.
Tullow will integrate the well results into its regional subsurface models and work with its joint venture partners before deciding on next steps.
Repsol is the operator of the Kanuku license with a 37.5% working interest. Tullow holds 37.5% with TOQAP—a joint venture between TotalEnergies and Qatar Petroleum—holding 25%.
Tullow previously said it would limit capital exposure in Guyana. The company holds a 60% interest in the Orinduik block, its other licensed area in Guyana, with partners including TotalEnergies and Eco Atlantic Oil & Gas.