More positive reactions.. All eyes on Orinduik block as Carapa-1 extends Guyana’s offshore Cretaceous horizon (TLW, ECO)
02 JAN 2020 | Daniel Flynn
>>The Cretaceous extension is also highly encouraging for Tullow’s second Guyana licence area – Orinduik – where it holds a 60% stake alongside Total E&P (25%) and London junior Eco Atlantic Oil & Gas (15%). A new CPR released in March 2019 put Orinduik’s estimated gross unrisked prospective resources at nearly four billion barrels of oil equivalent across a total of 15 leads. Of this, around three billion barrels are thought to be located in the Cretaceous play. With the horizon yet to be opened up at Orinduik (two further Tertiary horizons were opened up by the Jethro-Lobe and Joe-1 discoveries earlier this year) the extension and quality indicated by Carapa-1 are exciting.>>
https://www.valuethemarkets.com/2020/01/02/all-eyes-on-orinduik-block-as-carapa-1-extends-guyanas-offshore-cretaceous-horizon-tlw-eco/