The Joe-1 exploration well (AOI c. 2.8%) has found 14 m of net oil pay in high-quality oil bearing sandstone reservoirs of Upper Tertiary age. This derisks the petroleum system of the western area of the Orinduik block, where a number of Tertiary and Cretaceous age prospects have been identified. Additional thinner sands above and below the main pay at Joe-1 are being evaluated for possible incremental pay.
16 Sep 2019
FLASH: Oil discovery offshore Guyana
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FLASH: Oil discovery offshore Guyana
Africa Oil Corp. (AOI:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
16 Sep 2019 -
Author:
Taro Kiley -
Pages:
2
The Joe-1 exploration well (AOI c. 2.8%) has found 14 m of net oil pay in high-quality oil bearing sandstone reservoirs of Upper Tertiary age. This derisks the petroleum system of the western area of the Orinduik block, where a number of Tertiary and Cretaceous age prospects have been identified. Additional thinner sands above and below the main pay at Joe-1 are being evaluated for possible incremental pay.