Corentyne block leads are very close to discoveries such as Pluma and Haimara. In the map below, areas in green are oil discoveries, and areas in red are gas discoveries.
Let’s Dive Deep.
Pluma
ExxonMobil’s run of success continued with its 10th Guyana discovery on 3 December 2018. The Pluma-1 well found 121 feet (37 meters) of oil-bearing sandstone, on trend with other discoveries in Guyana’s Cretaceous sandstone play. The discovery, along with appraisals, adds 1 billion barrels of oil equivalent (boe) of discovered resources.
Pluma is located 42 miles (67 kilometres) southeast of Liza, and Wood Mackenzie estimates the discovery holds 300 million barrels of oil equivalent (mmboe) of recoverable resources,
source: https://www.woodmac.com/press-releases/ExxonMobil-Pluma-Discovery/
Haimara
The other discovery was at the Haimara-1 well, which encountered approximately 207 feet (63 meters) of high-quality, gas-condensate bearing sandstone reservoir. The well was drilled to a depth of 18,289 feet (5,575 meters) in 4,590 feet (1,399 meters) of water. It is located approximately 19 miles (31 kilometers) east of the Pluma-1 discovery and is a potential new area for development.
source: https://corporate.exxonmobil.com/News/Newsroom/News-releases/2019/0206_ExxonMobil-Announces-Two-New-Discoveries-Offshore-Guyana
Maka
The Maka Central-1 well was drilled by a water depth of about 1,000 meters and encountered more than 123 meters net pay of high-quality light oil and gas rich condensate net pay, in multiple stacked reservoirs in Upper Cretaceous Campanian and Santonian formations.
source: https://www.total.com/media/news/press-releases/suriname-total-and-apache-make-significant-discovery-block-58
WoodMac has said based on its estimate Maka Central-1 contains 300 million barrels of oil, 150 million barrels of condensate and 1.4 trillion cubic feet of gas. According to a report from GlobalData, the discovery has the potential to bring more than US$50 million in revenue per year to the Surinamese Government if it sees similar success to Guyana’s Stabroek Block.
source: https://oilnow.gy/featured/apache-gets-discovery-of-the-year-award-for-surinames-maka-central-oil-strike/
Sapakara
The Sapakara West-1 well was drilled by Apache using the Noble Sam Croft drillship in a water depth of 1,000 metres and encountered a 79 metre net pay of high quality light oil and gas condensate in multiple stacked and good quality reservoirs in Upper Cretaceous Campanian and Santonian formations.
According to Apache, the preliminary fluid samples and test results indicate at least 79 metres of net oil and gas condensate pay in two intervals. The shallower Campanian interval contains 13 metres of net gas condensate and 30 metres of net oil pay, with API oil gravities between 35 and 40 degrees. The deeper Santonian interval contains 36 metres of net oil-bearing reservoir with API oil gravities between 40 and 45 degrees
source: https://www.fircroft.com/blogs/apache-and-total-announce-new-suriname-oil-discovery-09431241377
Kwaskwasi
Kwaskwasi-1 encountered at least 912 feet (278 meters) of net oil and volatile oil/gas condensate pay across two intervals – Campanian – 282 feet (63 meters) of net oil pay and 86 meters of net volatile oil/gas condensate pay, and Santonian – 129 meters of net hydrocarbon pay.
source: https://oilnow.gy/featured/liza-and-kwaskwasi-are-giants-in-the-prolific-guyana-suriname-basin/
If CGX hit a net pay anywhere close to Kwaskwasi’s scale, it would be incredible.
source: https://oilnow.gy/featured/liza-and-kwaskwasi-are-giants-in-the-prolific-guyana-suriname-basin/