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Reports that according to a conditional and prospective resource report for the Kitchens block in Guyana, where it holds (25%), Tanger discovery is estimated at about 65 million barrels of oil. The report also shows that the block has a significant resource potential estimated at over 2 billion barrels of oil, in 11 different prospects.
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According to the report, the prospects are concentrated in three main clusters: the southwestern cluster (SW), which includes Taglit Tanger, the southeastern cluster (SE) and the northern cluster (North). It is also written that the chances of success of the main prospects in clusters SW and The SEs, which are in the Maastrichtian layer parallel to the Tanger discovery reservoir layer, have risen significantly to about 50%, and two of these prospects (Kingfisher 6 and 8) are in close proximity to the Tanger discovery. The resource report, prepared by NSAI, Assess expert, certified and independent reserves.
Catchure block. Source: Ratio Petroleum
ExxonMobil, along with the other partners in the block, will continue to analyze the vast amount of information gathered in the drilling in the coming months ahead of the decision on the next prospect to be drilled in the Ketchure block, which is expected in the second half of 2021. The second drilling in the block is expected .
The Kaieteur block covers an area of about 13,535 square kilometers in the economic waters of Guyana. The partners in the block are ExxonMobil (35%), the operator of the block, Hess (15%), Catalia (25%) and Ratio Petroleum ( 25%).
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