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. The deal is subject to Government approval.
exploration & appraisal
Following acquisition of new 3D seismic on the licence in 2017, the JV Partnership is interpreting the data to firm up prospects for possible drilling in 2019 in this exciting area, up-dip from Exxon’s Liza discovery.
Processing 3D seismic data acquired during 2017 on the Orinduik licence is also ongoing to mature and rank identified prospects.