Stena drillship arrives in Peru ahead of Karoon well

Australia’s Karoon Energy has said that the Stena Forth drillship has arrived in the Port of Callao Lima Peru ahead of drilling the Marina-1 exploration well located in Block Z-38 Tumbes Basin, Peru.

Stena Forth drillship
Stena Forth drillship; Source: Karoon

Karoon executed binding agreements with drilling contractor Stena Drilling and oil company Tullow Oil to contract the Stena Forth drillship for Karoon’s Marina-1 well in November 2019. The drillship assignment agreement provided Karoon with a single well slot from the existing rig contract between Tullow and Stena. The drillship has already drilled two wells for Tullow offshore Guyana.

Karoon is the operator and has a 40% net interest in Block Z-38. The company said in an update on Thursday that the Stena Forth would remain at the Port of Callao for one to two weeks to refuel and change the crew before continuing on to the Marina-1 well location.

“Karoon expects the vessel to clear customs and final permits to be received over the coming weeks. The well is expected to spud during the last week of January 2020,” the company said.

The Marina prospect has a gross prospective resource best estimate of 256 million barrels of oil (net to Karoon 102 million barrels).

The Marina prospect comprises a large fault-bounded structure with targets at multiple levels from 900m subsea to 2900m. The targets are in the Tertiary Pliocene La Cruz to Cardalitos formations.

According to Karoon, the structures are well defined by 3D seismic. Nearby hydrocarbon seeps demonstrate that migrating hydrocarbons are present, supported by seismic AVO anomalies indicative of trapped oil at Marina, Karoon said.

Karoon’s wholly-owned subsidiary, KEI (Peru Z-38) Sucursal del Peru, owns a 40% operating equity interest in the Blocks with Tullow Oil holding 35% and Pitkin Petroleum holding the remaining 25% equity interest.


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply