In the second quarter of 2013, Tullow reached an agreement with Repsol to secure a 30% interest in the newly defined Kanuku Block offshore Guyana. The transaction was completed in December 2013 following Government approval. Repsol is the Operator with 70% equity and Tullow 30% equity. In early 2016, Tullow was awarded a 60% operated interest in the Orinduik licence, a 1,801 square kilometre block offshore Guyana.
exploration & appraisal
A 3D seismic survey over the Kanuku licence, directly up-dip of the Liza discovery, commenced in May 2017 and the results will be used to define potential prospects for drilling in 2018/19. A 3D survey over the Orinduik licence started in July 2017.