Now that UK explorer Tullow Oil has fulfilled its well obligations in the offshore Kanuku licence, it is working with its joint venture partners to determine the way ahead as the final exploration well hit water.
Last Friday, Tullow announced that drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. It noted that while the well encountered good quality reservoir in the primary and secondary targets they were water bearing.
As a result, the well has been plugged and abandoned. “Tullow will integrate the well results into its regional subsurface models and work with its joint venture partners before deciding on next steps,” the company said in a statement.
