The Joe-1 exploration well (TLW 60% WI, op, ECO/EOG 15%, 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: Guyana discovery opens new play
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FLASH: Guyana discovery opens new play
Tullow Oil plc (TLW:LON) | 28.9 0 (-0.5%) | Mkt Cap: 420.1m
- Published:
16 Sep 2019 -
Author:
Stephane Foucaud -
Pages:
2
The Joe-1 exploration well (TLW 60% WI, op, ECO/EOG 15%, 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.