Orinduik Block Archives - Panorama Insurance Brokers

Tullow still processing ‘heavy oil’ data from Guyana discoveries

UK-based Tullow Oil said on Wednesday it is still processing data from the discoveries it made last year at the 1,800km2 Orinduik block offshore Guyana. The block partners had found oil at the Jethro-1 and Joe-1 wells, both of which were drilled within budget by the Stena Forth drillship. The Jethro-1 discovery comprised high quality oil-bearing… Read More

Heavy oil at Orinduik similar to North Sea, Gulf of Mexico commercial crude

The heavy oil discovered in 2019 at the Orinduik block offshore Guyana is similar in quality to crude being produced and commercialized in several parts of the world, including the US Gulf of Mexico, North Sea and Brazil’s Campos Basin. Last year, partners at the 1,800km2 Orinduik block announced the discovery of oil at the Jethro-1… Read More

75% of targets at Orinduik block hold 3 billion barrels worth of light oil – Holzman

Even though the market has expressed disappointment in the heavy oil found in the Jethro and Joe wells at the Orinduik block, it should bear in mind that three-quarter of the prospects are in the Cretaceous play says Gil Holzman, Chief Executive Officer of Eco Atlantic, a junior partner on the block. During an interview… Read More

Heavy oil at Orinduik Block becoming more attractive as Venezuela’s supply dwindles – Gil Holzman

Even though the oil discovered in the Jethro and Joe wells at the Orinduik block turned out to be heavier than expected, one of the partners of the offshore license, Eco Atlantic, is convinced that the attractiveness of the find has increased given the narrowing supply from Venezuela. Addressing this issue during an interview with Proactive… Read More

Eco Atlantic says it remains fully funded for Guyana offshore as operations slow down

Eco (Atlantic) Oil & Gas Ltd. said on Wednesday in light of the COVID-19 pandemic, the company continues to take all of the recommended measures to protect the welfare of its personnel. “Ensuring the safety of employees remains a major priority for the business and the company has taken steps to secure their health, safety and well-being… Read More

Explorers identify 22 prospects on Orinduik Block with some having over 30% chance of success

Explorers at the 1,800 km2 Orinduik Block offshore Guyana have identified 22 prospects including 11 leads in the Upper Cretaceous horizon, the majority of which have over a 30 percent or better chance of success. This is enhanced by the recent discovery of light oil in the Carapa 1 well on the Kanuku block, located south… Read More

Eco fully funded, drill-ready to pursue light oil prospects at Orinduik

Eco Atlantic Oil & Gas, junior partner at the Orinduik Block offshore Guyana, says it is drill-ready and fully funded to pursue additional prospects on the block as the search for high quality hydrocarbons continue. In 2019 the company drilled two successful wells in Guyana with both delivering heavy oil pay resources. An independent report… Read More

Total targeting up to 3 Guyana wells this year despite heavy crude encounters

Patrick Pouyanne, Chief Executive – Total French oil company Total expects two to three new offshore wells to be drilled in Guyana this year, Chief Executive Patrick Pouyanne says. This is despite encountering heavy crude at two prospects last year, which brought into question their commerciality, and the possibility of near-term future exploration offshore the… Read More

Tullow, partners to assess future of Guyana’s heavy oil block

(S&P Global) Tullow Oil plans to assess the future potential of heavy oil finds off Guyana in the coming days, block partner Eco Atlantic said, three months after details of the viscous crude discoveries cast doubt over the commerciality of the asset. Announcing a 29% increase in the prospective resources of the offshore Orinduik block,… Read More

New estimate pushes Orinduik prospective resources to over 5 billion BOE

Eco (Atlantic) Oil & Gas Ltd. said on Monday that an updated Competent Persons Report (CPR) on the Orinduik Block offshore Guyana has upped the gross prospective resources to 5.141 billion barrels of oil equivalent, from the previous estimate of 3.981 billion BOE representing an increase of 29 percent. According to the company, the CPR… Read More