Frontera Energy Corporation and CGX Energy Inc., the Canadian joint venture partners in the Corentyne block offshore Guyana announced today, its continued commitment to drill the Wei-1 well. In fact, the partners said final preparations are complete in advance of spudding the Wei-1 well early next year, which follows the discovery of light oil and gas condensate at the Kawa-1 well.
The Wei-1 well will be located approximately 14 kilometres northwest of the Kawa-1 exploration well in the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana and will be drilled in water depth of approximately 1,912 feet (583 metres) to an anticipated total depth of 20,500 feet (6,248 metres). The Wei-1 well will target Maastrichtian, Campanian and Santonian aged stacked channels in a western channel complex in the northern section of the Corentyne block.
As part of its preparations, the partners have agreed with the Government of Guyana that the Wei-1 well will be spudded no later than January 31, 2023, utilising the Noble Corp Discoverer semi-submersible mobile drilling unit. This is in keeping with the schedule provided to CGX Resources Inc. by Noble Corporation so as to allow for the Noble Corp Discoverer to complete its current obligations in Trinidad.
Under the terms of the License for the Corentyne block, the Joint Venture was previously required to spud Wei-1, the second of two commitment wells on the block, by November 27, 2022.
Orlando Cabrales, Chief Executive Officer of Frontera, commented that the joint venture remains firmly committed to drilling the Wei-1 well and is grateful for the ongoing support from the Government of Guyana as they mutually work to unlock the potentially transformational opportunity in the Corentyne block.
Cabrales said, “Significant investment, planning, and work have been completed in preparation to drill Wei-1 and we are ready to drill the well upon rig arrival in one of the most exciting exploration areas in the world.”
