Project Profile
Value: Undisclosed
Location: Guyana-Suriname Basin, 80 kilometres off the northeastern coast of South America, offshore Guyana
Reserves: unknown
Area: 6,525 square kilometres
Depth: from shallow shelf to 200 metres
Start-up Year: -
RWE Dea has arranged a deal with Repsol Exploración Guyana (Repsol) to farm-in to the Kanuku licence operated by Repsol in the Guyana-Suriname Basin located offshore from the coast of Guyana. By entering the South American country, RWE Dea further expands its upstream position in this prolific region along the northeastern coast of South America. Under the farm-in agreement, RWE Dea will acquire a 30% share in the Kanuku licence. After regulatory approvals the Kanuku block will be explored by a consortium formed by Repsol (40% operator), RWE Dea (30%), and Tullow Oil (30%). The transaction remains subject to the approval of the government of the Republic of Guyana.
The licence is located in the prospective Guyana-Suriname Basin, 80 kilometres off the northeastern coast of South America and covers an area of 6,525 square kilometres. Kanuku represents a high potential exploration opportunity with significant prospectivity mainly in Cretaceous strata in water depths ranging from shallow shelf to 200 metres. The acquisition of 2D and 3D seismic data covering 860 line kilometres and area of approximately 3,200 square kilometres, respectively, was successfully completed in December. After processing the seismic data will be interpreted together with already existing 3D data with the objective of identifying drillable prospects by the end of 2014. based on the findings, a decision will then be taken whether to enter a second exploration phase during which an exploration well would be due to commence.
Operators:
Repsol: Operator with 37.5% interest
Tullow Oil: 37.5% interest
Total: 25% interest