27. Suriname, Block 45, Anapai 1 & 1A wells: P&A.

Offshore Suriname - SW-NE section - from Demerara High to deep offshore - Playtypes

27. Suriname – Anapai 1 & 1A and Pontoenoe wells – P&A

Update @ 26 June 2018: P&A

Kosmos Energy Update on Exploration Drilling Program Offshore Suriname – DALLAS-Jun. 26, 2018 – Kosmos Energy announced today that it has completed drilling the Anapai-1A exploration well located in Block 45 offshore Suriname.

Anapai-1A was drilled to a total depth of 4,556 meters and was designed to test Lower Cretaceous reservoirs in a structural trap on the flank of the basin. The prospect was fully tested, encountering high quality reservoirs in the targeted zones, but did not find hydrocarbons.

(My insert @ 06/26/18. Post-Mortem: Why bone dry ??

Pls. see my personal pre-drill questions, concerns and musings on Block 45, Anapai well , prospectivty, SR, maturity, migration, trap etc. in this publication).

The well is plugged and abandoned.

Andrew G. Inglis, chairman and chief executive officer : “We are still in the early stages of exploring this newly emerging basin and our forward drilling program remains unchanged given the independent nature of the prospects.

The drillship will proceed as planned in the third quarter to test Pontoenoe, the first of up to three independent prospects in Block 42 offshore Suriname.

Pontoenoe is a similar play type to the Turbot and Longtail discoveries located approximately 70 kilometers to the west in Guyana.

The Pontoenoe prospect, to be spudded mid August 2018, 2 month drilling planned (mid October in target horizon?) is located in Block 42 offshore Suriname, which is believed to be an extension of the petroleum system offshore Guyana. Pontoenoe is a late Cretaceous Liza-type stratigraphic play, Kosmos said. When combined with two other prospects on the block—Aurora and Apetina—the three are prospective for more than 500 MMbbl of resources (Question: each one 500 MMbbl or the 3 together ??).

The company has said it plans to test “multibillion barrel prospectivity” spanning five independent Cretaceous plays (Question: Upper Cretaceous plays, I must assume? Or also again Lower Cretaceous, as failed in Anapai-1). Exploration drilling is expected to continue from 2019 to 2021 in the area.

Update at 10th October 2018:

Kosmos Energy said on Wednesday it was abandoning the Pontoenoe-1 well offshore Suriname after failing to find oil.

This is the second dry well in a row drilled by the company in the Dutch-speaking South American country. The company came up dry in June at the Anapai-1A well in the Block 45.

Kosmos said it encountered high-quality reservoir at Pontoenoe-1 exploration well in Block 42 but the primary exploration objective proved to be water bearing and did not find commercial hydrocarbons.

Commenting on the Pontoenoe result, Kosmos said it believes there was evidence of a working source kitchen and the prospect failed due to a lack of trap.

“The well will now be plugged and abandoned and the well results integrated into the ongoing evaluation of the remaining prospectivity in Kosmos’ acreage position,” the company said.

Anapai-1A well - " Rumble-in-the-Jungle; 21-5-2018
  • facebook
  • Twitter
  • LinkedIn
Anapai-1A well – Very serious  ” Rumble-in-the-Jungle @  21-5-2018 “. According to a press release the Anapai-1 well drilling in Block-45 offshore Suriname encountered shallow bore hole stability issues before reaching the target interval (My inserted comment: very strange and unusual; this as the shallow, upper section has/should have been properly cased of long before reaching target depth. Or ” shallow ” meant to indicate, just above the target interval ??). Kosmos and its partner will re-spud the well, Anapai-1A, targeting the same objectives. Some US$ 40 mln spent on Anapai-1. The well design has been reconfigured to address the issues previously encountered. Anapai-1A is expected to spud imminently, and will take approximately 50 to 60 days to drill with results expected early in the third quarter. Other rumour: Uncontrollable circulation losses in fractured/heavily faulted area? Drilled to close to the main fault ?

This blog is on the Anapai-1 well, spudded 4th April 2018, Block 45, offshore Guyana-Suriname basin.

It contains data and figures on Block 45 and its surrounding area petroleum geological habitat that are relevant for this well and prospectivity of the whole area.

Kosmos Energy Suriname - 2018 - Anapai 1 well
  • facebook
  • Twitter
  • LinkedIn
Kosmos Energy Suriname – 2018 – Anapai 1 well – Please note that the dear gentleman on the picture is indicating with his left hand and pencil to Block 42 (I assume pointing to next, back-2-back? Pontoenoe prospect). Not to Block 45 where Anapai – 1 well is. Question? Is the well located in the right block? Did they forward the right well coordinates to the drillship? Just occurred to me, don’t mind anyway. Almost happened to ourself in the Netherlands: with well N7-2, by erroneously using a different geographical system….from the competitor firm….We discovered and corrected…just in time…

All figures and data here used are public data on internet.

This represents solely my own interpretation and private opinion as an independant petroleum advisor.

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

Block 45 Kosmos/Chevron - Anapai 1 well - april 2018
  • facebook
  • Twitter
  • LinkedIn
Block 45 Kosmos/Chevron – Anapai-1 well – spudded april 2018, P&A, June 26, 2018.

Suriname offshore license map – May 2018

Prospects abound in both offshore Guyana and Suriname.

Suriname is looking to get more involved in the offshore space after decades of steady onshore production. Some 109 million bbl of crude oil, generated by the Cenomanian Canje Formation source rock, has been produced onshore from Paleocene and Eocene reservoirs over the last 35 years.

Offshore remains under-explored. Staatsolie, the Suriname national oil company, indicates that 26 exploration wells (all dry holes) have been drilled over a 130,000-km2 area. But only 14 of those wells have been drilled beyond water depths of 20 m.

The big question that remains at this precise moment is how far and geologically how the prospectivity of the basin extends from the recent 9 giant ExxonMobil discoveries across the border into Suriname.

Efforts to prove an extension of the Cretaceous fan play into Suriname have so far proved unsuccessful.

Location Guyana ExxonMobil discoveries vs Suriname Licenses
  • facebook
  • Twitter
  • LinkedIn
Location Guyana, Stabroek Block,  ExxonMobil discoveries vs Suriname Licenses. Still 18 prospects left in Stabroek Block. In Suriname offshore, Block 58 of Apache, offers the best posibility to become the eastward extension of the “ Guyana Basin Golden Lane “. From the now unveiling petroleum habitat,  subsurface setting and geographical trend of the Golden Lane giant fields?  Suriname Block 42 and Kosmos, Pontonoe-1 well presently drliing, in this respect certainly do not nicely line up with the discovered fields. Fingers xx.  Block 48 of Apache does line up very well with the discovery trend. And is located within the migration path/area that e.g. the Tambaredjo oils had to follow, from their kitchen area to their final reservoirs.

The last 7 promising wells were all bone and bone dry. Nonetheless the very high expectations also based on de-risking by 3D seismic.(…what about including, de-risking based on sound and realistic petroleum geology…).

1. 2009 Repsol’s well West Tapir-1 (Block 30; Canyon head play, Ologocene/ Eocene target) was a failure and completely dry.

2,3 Murphy, 2 bone dry wells.

Murphy @ Aracari & Caracara wells
  • facebook
  • Twitter
  • LinkedIn
Murphy @ Aracari & Caracara wells – Block 37

Murphy plans at June 8, 2007? Drill two exploratory wells and conduct 3D seismic studies over a period of four years in the 8,700-square-kilometer (3,360-square-mile) Block 37 located off the eastern shore of the South American nation.

November 2010, Caracara well, 120 -1,030 mmbl prospect. Good quality reservoir, without oil. But 600m of shales with oil shows above its target geologic section (Questions? Why oil in the 600m thick ” topseal “, and not in the underlying good quality reservoir sands? Is the shale a/the mature source rock?), indicating that the prospect was within the hydrocarbon kitchen area. P&A.

May 2011, Aracari well, 200 – 500 mmbl prospect. A seismic anomaly down dip of the location where the oil shows in Caracara well were encountered. Murphy believed this reduced the seal risk associated with Aracari, as the shale should provide an updipseal for the targeted formation. P&A. (Question? Why was the 600m thick shale sequence not a good enough topseal in Caracara well? Why is it a then by magic a good up dip seal in Aracari well?)

4. 2015, Apache’s Popokai-1 well in Block 58 was a failure (why?).

5. 2017, Apache’s Kolibri-1 exploration well, 129 km off the coast, in Block 53 was deemed non-commercial (“failed to find commercial quantities of oil”, why?).

6. 2017 Tullow in its Araku well in Block 54, did establish the presence of gas condensate (How much? a few ppm’s in the mudlog? was a fluid sample taken/recovered? was the well tested?). But did not (even) find a significant quantity of reservoir rocks.

Tullow, under the PSC, Block 53 has a work program that included 3D seismic, geological surveys, and the drilling of two exploration wells. One to come, pending. (Question? When?).

7. 2018, Kosmos, Anapai-1A is bone dry. Why?

Pre-drill fully de-risked by 3D seismic in addition to clear direct indications for the presence of hydrocarbons. Even with a map of the giant Jubilee field plotted on the larger area of the Araku prospect, to indicate the huge areal extent and high 700 MMb potential. Resulting in a bone dry well, in addition even without enough reservoir rocks.

High potential, high impact and de-risked pre-drill…

Just my own questions and musings?

What happened with the (fake?) direct hydrocarbon indicators on 3D seismic. This as already different wells have been drilled offshore Suriname based on “fake” direct hydrocarbon indicators that were convincing and determinant pre-drill. Hallelujah.

How come so many explorers like to be convinced and cheated deliberately by fake colours? Especially if they line up with a suitable depth contour, such that the hydrocarbon volume promise could amount to some 700 million barrels?

Just because they do not by far understand how and why these colours and these (fake) direct hydrocarbon indicators were generated? How the seismic was acquired, processed, interpreted ?

For example. Two dry holes were drilled based, within others, on direct hydrocarbon indicators. This while the 3D seismic that was acquired even failed to cover the frequency range necessary to allow for direct detection of hydrocarbons. Etc. etc.

Haleluj   ahhh.

Re.: OffshoreEnergyTod ay @ 21 May, 2018
  • facebook
  • Twitter
  • LinkedIn
Re.: OffshoreEnergyToday @ 21 May, 2018 – Suriname Blocks 42, 45. Faulted Blocks, Canyon and Deepsea basin floor fan trends. Note that the deeps fans on this map have 3 different canyon feeders. The most western Berbice major canyon up to now has funneled the sands of the 8 giant discoveries. It may have distributaries into the Suriname offshore area, such as in Block 42 (Pontonoe prospect?) The 2 eastern canyons, Corantijn and Coppename canyons?, have funneled most of the sands for the offshore Suriname canyon head deposits and deep basin floor fans. The Apetina and Aurora trends in offshore Suriname may have been sourced by a combination of these three canyons.

Kosmos is expected to turn its attention next to either Aurora or Apetina deepsea, basinfloor fan trends, ” Liza analogs”, Pontoenoe prospect Block 42.

The geological setting and petroleum habitat of this Block 45 area is different from the setting of the last giant, mainly deepwater fan discoveries in Guyana. Therefore expectations on the prospectivity can not be extrapolated just 1-on-1 as many suggest for their own convenience. But should be considered in a much more nuanced geological way.

 

Guyana - Berbice Canyon and Basin Plain - Gustavson Associates 2008 - Fig 4-9 - MCAL
  • facebook
  • Twitter
  • LinkedIn
Guyana – Berbice Canyon and Basin Plain – from Gustavson Associates 2008 – Fig 4-9 – MCAL – This is the geological setting of offshore Guyana, the petroleum habitat and playtypes. And of ExxonMobil 8 giant field discoveries (except Ranger-1 discovery. A carbonate buildup/reef, on the Cretaceous shelf edge. Apparently developed on top of an extinct Jurassic, “basement”  volcano? This based on a short comment on Linked by a Hess exploration manager, shortly after the discovery.
Cretaceous carbonates - USGS
  • facebook
  • Twitter
  • LinkedIn
Cretaceous carbonates – USGS
Guyana Basin - Basement & Cretaceous Shelf Edges
  • facebook
  • Twitter
  • LinkedIn
Guyana Basin – Basement & Cretaceous Shelf Edges. Exploration tip! Please compare the position of Ranger-1  carbonate build-up discovery with respect to the position of both Basement and Cretaceous shelf edges. Places where carbonate build-ups could preferentially develop.
Offshore Guyana Fans
  • facebook
  • Twitter
  • LinkedIn
Offshore Guyana Fans – Sediment provenance area, mainly from southern Guyana Shield hinterland (such as recycled & offshore redeposited Roraima Fm. sediments)

For example.

Provenance area of the Lower Cretaceous reservoir sands is much different around the Demerara High greater area, in comparison with offshore Guyana, in the area of the giant discoveries. Thus also existence (or not), distribution and related reservoir properties of the sands may / will be much different.

The Lower Cretacous sediments around the Demerara High are mainly a relict of a major Aptian-Albian river delta system. This river-delta system existed when the Suriname-French Guyana area was still attached to the Sierra Leon-Guinea, NW Africa area:

Demerara and Guinea Plateau’s.

Mid Cretaceous Geographical Map
  • facebook
  • Twitter
  • LinkedIn
Mid Cretaceous Geographical Map

It had its causeway in the area in the middle, between both, ran from SE towards NW. In fact it was the incipient rift valley where later the full mid-oceanic rift of the Atlantic developed, that separated Sierra Leone area from Demerara High area. It transported and drained a large part of the sediments of the then connected northern South America-Africa area. This ancient river may have been of the size of the present day Amazone river as it transported a large part of the eroded sediments of the ” northern South America – NW Africa ” cratonic area, in Lower /Middle Cretaceous time. It debouched in the Demerara and Guinea plateau coastal and shelf area. With (not yet indicated and localised) turbidite and deepsea fan deposits in the developing Thetys ocean. Such as in the area that now represents the deeper, distal parts of Suriname offshore.

This delta system, together with the underlying Jurassic and older rocks (Permian? Carboniferous?) were severely uplifted, folded as a giant anticline during the compression/collision (and counterclockwise movement) of NW Africa’s hinge against Suriname-French Guyana. During the Cenomanian. Therefore the Demerara High represented a hugh high or mountain (up to some 3-4 km). A main part has been eroded, probably already simultaneously during its uplift. Exposing Lower Cretaceous, and almost even Jurassic rocks, that were unconformably overlain by Tertiary sediments (well A2-1 area).

A2-1 well - Demerara High
  • facebook
  • Twitter
  • LinkedIn
A2-1 well – Demerara High

Provenance of the Lower Cretaceous sediments in offshore Guyana (giant fields area) is much different, most probaby from the south. From the eroded Guyana craton in the hinterland.

Suriname offshore - Playmap - Staatsolie Vision 2020
  • facebook
  • Twitter
  • LinkedIn
Suriname offshore – Playmap – Staatsolie Vision 2020

Present Anapai-1 well (fault block prospect that incorporates Lower Cretaceous delta fans) spudded beginning of April 2018, by Kosmos/Hess in Block 45, has a rather low profile in the press, without bold predictions. Little published information can be found on internet.

(PD @ May 21, 2018: Anapai-1 P&A; Anapai-1A to be drilled; @June 26, 2018:P&A.)

The prospect sits in 1,500m of water and is targeting gross unrisked resources of 700mmbbls in a Lower Cretaceous structural/stratigraphic trap. It was selected to be drilled first since it was the most mature in the company’s portfolio and so drill ready. The company has modelled Anapai as being fed by a feeder system from the east, and so a different system to that seen in Liza (My note: Lower Cretaceous, Aptian-Albian delta-fluvial sediments present around Demerara High are a completely different story from Liza. Provenance areas are different ones). The key risk is considered to be the trap, due to the combination stratigraphic element of the prospect.

Kosmos contracted the Ultra Deepwater Drillship ENSCO DS-12 (formerly Atwood Achiever) to execute this Drilling Operation. It is a fully equipped modern drilling vessel (2013) with accommodation for approximately 200 crew and onboard oil and gas personnel. It can drill in water depths above 3000 meters and drilling depths up to 12.000 meters.

IMG_5395 - Ensco DS 12 Drillship
  • facebook
  • Twitter
  • LinkedIn
IMG_5395 – Ensco DS 12 Drillship

Hopefully it will be the first ” major ” discovery offshore Suriname, fingers crossed for all.

It is a prospect in Block 45 located on the west flank of the Demerara High.

Offshore Suriname - SW-NE section - from Demerara High to deep offshore - Playtypes
  • facebook
  • Twitter
  • LinkedIn
Offshore Suriname – SW-NE section running from Demerara High to deep offshore – This section runs somewhat NE of Block 45′ Anapai-1 prospect. Illustrates the Playtypes in this area – figure taken from Staatsolie website.

This SE-NW seismic cross section very well illustrates the types of play that can be expected, as in Block 45.

Such as the Lower Cretacous fans, that were mainly fed by the eastern area, now occupied by the Demerara High. They are fragmented by the west dipping, gravitational fault blocks on the west flank of the Demerara High. Making it structural traps with inside an important stratigraphic fan reservoir element. Such as Anapai-1.

Offshore Suriname - Playtypes
  • facebook
  • Twitter
  • LinkedIn
Offshore Suriname – Playtypes – taken from website Staatsolie

 

Suriname offshore - Oil kitchen area - Cenomanian Canje SR Formation
  • facebook
  • Twitter
  • LinkedIn
Suriname offshore – Oil kitchen area – Cenomanian Canje SR Formation – Note the (un?)  favourable position of Block 45 area with respect to (possible) feeder kitchen area. Of oil and mainly gas. – Interpretation 1. Question: which map is right, 1 or 2? Faîtes vos jeux.
Cenomanian SR - Interpretation 2
  • facebook
  • Twitter
  • LinkedIn
Cenomanian SR – Interpretation 2 – Question : which map is right, 1 or 2? Faîtes vos jeux.
Geoexploration musings.
Just a minor Question, though?

If you were Mr./Mrs. Oil & Gas.

Just leaving your cozy mother source rock (Jurassic? proven Upper Cretaceous Canje Fm. located stratigraphically higher, on top of the target interval? Lower Cretaceous, Aptian-Albian?) behind and closing the door. When and where?? Where would you preferentially stroll to/migrate to find a suitable updip save house. Towards advertised Block 45 and Anapai -1 ???

As so dearly suggested by the Kosmos & Hess super smart geoscientists, nervous investors and shareholders that want to add sustainable value and big money?

(FYI: @ May 6, 2018: Kosmos Energy had a negative net margin of 34.98% and a negative return on equity of 12.49%. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS.

Kosmos Energy stock opened at $6.89 on Friday. Kosmos Energy has a 52-week low of $5.15 and a 52-week high of $8.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.24 and a quick ratio of 1.08.

Kosmos Energy shares fall as first quarter dented by crude derivatives – 2018-05-08).

Would you deliberately go to find shelter in these ” NE S.A.-NW Africa-derived Lower Cretaceous fluvio-deltaic sediments ” (fans??? sands? shaly sands/sandy shales ?? shales???).

In a gravitational faulted block? On the flank of the Demerara High?

How do you get in it, how do you unlock the door to enter in the fault block anyway. Anyhow, would you? Or do you first enter sneaky, and when your shelter is full, you just safely close the front and back doors. And when? Are your walls and roof leakproof, by the way ? To wait patiently a few million years (how many exactly?) for Ensco DS 12 and Kosmos/Hess ?? To release you. To be produced, stored and unloaded in an offshore Suriname FPSO ?

Or would you take another simpler route and bypass as maybe suggested by your own updated buoyancy-driven Subsurface Navigator?

Which highway or secondary road would you then follow ? Were they open (…or closed) for save and unhindered travel leisure? Did you check all these points. Can you just draw it quickly by hand, on blank paper, in a few successive 3-D diagrams (no, no fancy computer generated diagrams this time)?

In a few weeks we will know the choice of Mr.Oil & Mrs.Gas. The final verdict. And for free, in the press, simply on internet, just in the early summer morning sun next July. Oil, gas or water ? All together ? Reservoir rock, yes or no? No, no fake news.

For this moment, faîtes vos jeux, chère madame et monsieur, salut ! And keep fingers XXXX. Hope-Fully, Fully-Hoped.

Success, for the country of my dear ancestors where part of my roots are located.

P.D. @ June 25, 2018: P&A. Reason: Mr & Mrs Oil & Gas did not show up. Why? Simply never came this way and/or knocked on Anapai’s door? Entered for a while, then escaped through the leaking roof and walls and moved on updip, where it is now sitting? Took another simple route? Bypassed, following its own buoyany Subsurface Navigator? Post Mortem.

Success

(…wanted to write success in Sranan Tongo. But…I could not find the translation of this word from Dutch to Sranan Tongo in my Wortubuku fu Sranan Tongo.

Slechts aiti wortus die met su… beginnen, mi boi.

Mi no kan feni na wortu disi srefsrefi. Someni mi suku. Not even in Google Translator. Gosh, Sranan Tongo is niet eens vertegenwoordigd tussen de 99 talen in Google translator. Zie ik tot mijn grote zzchrik. Proposal, wellicht spoedig toevoegen als taal nummer 100 in Google translator.

Zimpelwegg. Bestaat dit woord of deze uitdrukking en dit fenomeen overigens daaan nogg niett in het Zurenaamzzs mi gudu, mijn lieve tante Kaatje. En waaaaromm noggg niet. Explain me s.v.p. tanta, ferteri mi na tori disi, san meki, mi srefi ne verstan. Mi e begi yu tangitangi, ai baja? Pls. tell me the translation, many thx in advance. Tan bun).

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

Albian L.Cret. S.R.
  • facebook
  • Twitter
  • LinkedIn
Albian L.Cret. S.R. – Note that Albian Sr could contribute importantly to the petroleum system NW of Demerara High. A very prolific, very high TOC, and thick interval was encountered in the DSOP wells drilled on the NW corner of DH.
Suriname offshore - inferred Jurassic SR - Kitchen area
  • facebook
  • Twitter
  • LinkedIn
Suriname offshore – inferred Jurassic SR – Kitchen area – Jurassic SR derived petroleum may form (an important?) part of the petroleum system(s) of both onshore and offshore Suriname. Jurassic derived oils, identified based on biomarkers, have been found onshore. – Interpretation 1. Question: which is right, 1 or 2? Faîtes vos jeux.
Callovian JR SR
  • facebook
  • Twitter
  • LinkedIn
Callovian JR SR – Interpretation 2. Question: which interpretation is right, 1 or 2? Faîtes vos jeux.

 

Suriname offshore license map - may 2018
  • facebook
  • Twitter
  • LinkedIn
Suriname offshore license map – may 2018 – published on internet.

BLOCKS 42 AND 45
Kosmos holds a 33% working interest in Block 42 and a 50% working interest in Block 45 offshore Suriname.

We signed a joint exploration agreement with Chevron in mid-2012 joining our expertise with Chevron’s industry-leading technologies to accelerate exploration. In 2016, Kosmos entered into a farm-out agreement with Hess covering Block 42.

KEY STATS – Block 42 – LICENSE ACQUIRED:2011 – PARTICIPATING INTEREST:33%, operated – LOCATION:Suriname-Guyana basin, Northeast South America -SIZE:6,176 square kilometers -WATER DEPTH:1,800 – 2,700 meters -Block 45 -LICENSE ACQUIRED:2011 -PARTICIPATING INTEREST:50%, operated -LOCATION:Suriname-Guyana basin, Northeast South America -SIZE:5,126 square kilometers -WATER DEPTH:200 – 2,000 meters

Kosmos Energy Finalizes Suriname Farm-Out with Hess Corporation
05/03/16 – Kosmos signs farm-out agreement covering Suriname Block 42

DALLAS–(BUSINESS WIRE)–May 3, 2016– Kosmos Energy (NYSE: KOS) announced today that it has entered into a farm-out agreement with Hess Suriname Exploration Limited, a wholly-owned subsidiary of the Hess Corporation (NYSE: HES), covering the Block 42 contract area offshore Suriname. Under the terms of the agreement, Hess will acquire a one-third non-operated interest in the Block 42 contract area from both Chevron Corporation (NYSE: CVX) and Kosmos. As part of the agreement, Hess will fully fund the cost of a 6,500 square kilometer 3D seismic survey, subject to an agreed maximum limit, inclusive of Hess’ share, expected to commence in the third quarter of 2016. Additionally, Hess will disproportionately fund a portion of the first exploration well in the Block 42 area, subject to an agreed maximum limit, inclusive of Hess’ share, contingent upon the partnership entering the next phase of the exploration period. The agreement is subject to certain customary closing conditions.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160503005616/en/

Upon closing of the transaction, the interests in the Block 42 contract area will be as follows:

Kosmos: 33.33% (Operator); Chevron 33.33%; Hess 33.33%

Kosmos has held rights to conduct exploration in the Block 42 and Block 45 contract areas since 2011 under production sharing contracts with the Government of Suriname. The blocks are contiguous and cover more than 11,000 square kilometers.

Kosmos Energy: www.kosmosenergy.com

Suriname Nearshore Potential.

The potential for Suriname is significant according to Tom Ketele, nearshore drilling project manager for Staatsolie. The country, with more than 30 years of onshore production, has onshore crude reserves to sustain it for the next 15 years, he said. By developing its ultra-shallow nearshore resource potential, the country will be able to extend those reserves significantly.

Staatsolie has identified and ranked 15 prospects, some stacked, in water depths of 5 m to 30 m offshore. The company has plans to drill a 10-well exploratory campaign from April 2019 to December 2019, he said.

Nearshore Bl. 4 - Leads & Prospects
  • facebook
  • Twitter
  • LinkedIn
Nearshore Bl. 4 – Leads & Prospects.

Just a few personal musings.

Where are the structural depth maps, sand distribution, isopachs, isoliths maps and log correlations of these leads and prospects? Are they only coloured blobs on the map, for this specific purpose? How many acres/feet do they cover? GOR? Reservoir pressure? How many barrels potential do they have? How many wells to drill to recover some 15%? Any horizontal wells? How thick are these non-consolidated sands/shaly sands/sandy shales ? How many (un-manned)production platforms? How much already sunk costs? How much future Capex-Opex involved? Still profitable?? Etc. etc. etc..

Near shore drill rig - Example
  • facebook
  • Twitter
  • LinkedIn
Near shore drill rig – Example, that would suit nearshore exploration.

”  All-in-1 Consultant,  Available-to-Serve-You.

For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?

See <Contact & Contract Me> at marcelchinalien@gmail.com “.

Doei, salu2, ciao, até logo, grüssen, cordialement, salut, добрый день, ajoo, tur kos bon mi dushi hendenan na Switi Sranan i mi famiri na switi Korsou, tan bun allamala !

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.