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. In early 2016, Tullow was awarded a 60% operated interest in the Orinduik licence, a 1,776 square kilometre block offshore Guyana.
In early 2018, Tullow agreed to increase its equity share in the Kanuku licence, offshore Guyana, from 30% to 37.5% in a farm-in deal with Repsol.
exploration & appraisal
Following acquisition of new 3D seismic on the licence in 2017, technical and commercial ranking of potential prospects across both the Kanuku and Orinduik licences is ongoing.
Tullow plans to drill the Jethro prospect in the second quarter of 2019 as the first of two planned wells on the Orinduik block. Prospect selection amongst the JV Partners is ongoing for the second planned well on the Orinduik Block. The success of the neighbouring Hammerhead-1 well in August 2018, only seven kilometres from the Orinduik block boundary, has further de-risked this acreage. Tullow and its partners are in the final stages of contracting a Drillship for the Orinduik drilling programme.
The Carapa prospect will be tested on the Kanuku licence in the third quarter of 2019. In 2018, Tullow increased its equity share in the Kanuku licence, offshore Guyana, from 30% to 37.5% through a farm-in deal with Repsol.