The Jethro-1 exploration well, on the Orinduik Block (TLW 60% WI) has discovered 55 m of net high-quality oil pay in lower Tertiary sandstone reservoirs. So far, the results are ahead of expectations with a very high net to gross (55 m on 58 m gross pay) and very good reservoir properties. Tullow already sees the likelihood as high of Jethro to be commercial on a standalone basis. Appraisal activities expected in 2020 will probably only be required to test the results of the discovery well an
12 Aug 2019
FLASH: Oil discovery offshore Guyana
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FLASH: Oil discovery offshore Guyana
Tullow Oil plc (TLW:LON) | 36.2 0 0.0% | Mkt Cap: 527.9m
- Published:
12 Aug 2019 -
Author:
Stephane Foucaud -
Pages:
2
The Jethro-1 exploration well, on the Orinduik Block (TLW 60% WI) has discovered 55 m of net high-quality oil pay in lower Tertiary sandstone reservoirs. So far, the results are ahead of expectations with a very high net to gross (55 m on 58 m gross pay) and very good reservoir properties. Tullow already sees the likelihood as high of Jethro to be commercial on a standalone basis. Appraisal activities expected in 2020 will probably only be required to test the results of the discovery well an