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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by Kelvinon Jul 04, 2023 7:59am
199 Views
Post# 35525447

RE:RE:Question for SheDrills

RE:RE:Question for SheDrillsmrbb, geomanx02, They'd do a multizone completion (see link below). My friend is involved with them. I know little about them. They require a rig with a big moon pool to get the subsea trees through, custom designed surface equipment to test the trees and move them over to the moon pool area.

The multizone completions strings can be designed in a variety of manners as per link below which also says that you don't want to commingle different fluid types with different drivers (water, gas injection) so I guess knowing what the formation fluid type and what you drive it are critical completions design criteria.

There are case studies on the internet that you can read up on done in the GOM. The completions are preceded by months of analysis, design before they go into the manufacturing stage of the equipment because it appears that for HTHP deep water eveything is custom manufactured and nothing is off of the shelf. So yes, mrbb tens of millions of dollars just to complete the play and that doesn't include FPSO and injection wells.

I remember reading that Exxon has one rig dedicated just for doing completions. So, my guess is that any possible JV partner is a company that has the experience, infrastructure and equipment already in place to pull off a deepwater completion or plans to have it soon or has lots of money and experience like a Chevron. 
https://www.drillingmanual.com/multiple-zone-completion/

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