Kosmos in another Suriname duster

Kosmos Energy has again failed to unearth oil at an exploration well offshore Suriname.

The company has completed drilling the Pontoenoe-1 exploration well in Block 42 offshore Suriname without discovering commercial hydrocarbon volumes.

This is a second dry well in a row drilled by Kosmos off Suriname. Kosmos in June drilled a duster at the Anapai-1A well in the Block 45.

As for the Pontoenoe-1 well, it was located offshore Suriname approximately 280 kilometers northwest of Paramaribo in approximately 2,497 meters of water and has been drilled to a total depth of approximately 6,194 meters.

Commenting on the Pontoenoe result, Kosmos has 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.

Andrew G. Inglis, chairman and chief executive officer, said: “We are in the early stages of exploring the emerging Suriname-Guyana basin, and given the indications of a mature source, quality cretaceous reservoir, and the independent nature of the prospectivity we believe there is significant remaining potential in Block 42. Our current plan is to test the next prospect in 2020.”

Kosmos holds rights in the Block 42 contract area under a production sharing contract with the Government of Suriname’s Staatsolie Maatschappij Suriname N.V. (“Staatsolie”).

The block ranges in water depth between approximately 2,000 and 2,500 meters and covers an area of over 6,000 square kilometers gross. Kosmos (33.3 percent) is the exploration operator of Block 42 and is joined by its partners Hess (33.3 percent) and Chevron (33.3 percent).

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