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, is due to start in early May 2017 and the results will be used to define potential prospects for drilling in 2018/19. A 3D survey over the Orinduik licence will follow in July 2017.
Preparations for the Araku well, offshore Suriname, continue ahead of drilling which is on track to commence in the fourth quarter of 2017.