Corentyne well results consistent with expectations says Frontera

Frontera on Friday disclosed that downhole drilling operations at the Kawa-1 well site offshore Guyana have been without any significant issues and well results thus far are consistent with the Company’s predrill geological and geophysical expectations.

The Kawa-1 well is located in the northeast quadrant of the Corentyne block, approximately 200 kilometers offshore Guyana. The water depth is approximately 355 meters (1174 ft) and the expected total depth of the Kawa-1 well is 6,685 meters (21,932 ft). Frontera holds a direct working interest of 33.3% in both the offshore Corentyne and Demerara blocks, and together with CGX Energy, shares ownership of 73.8%, resulting in a total consolidated working interest of 82.6% in the blocks..

On August 22, the Kawa-1 well was spudded. According to Frontera, since the spud, the joint venture has successfully run the 36-inch conductor and 22 and 18-inch casing strings.

As of September 23, 2021, the well has achieved the planned casing point at a total depth of 9,900 feet (3,017.5 meters). The crews have successfully run and cemented the 18-inch casing which is the third of five planned casing strings and are now currently drilling the next hole section below the last casing point.

“The well results thus far are consistent with our pre-drill geological and geophysical expectations and formations are coming in on depth. The Joint Venture is looking forward to drilling and evaluating the upcoming well sections and maintaining safe and efficient operations. The Joint Venture expects the Kawa-1 well to reach total depth in the first half of December 2021,” Frontera said.

According to Frontera, the Kawa-1 well is expected to derisk multiple other prospects on the block which also have stacked reservoirs and similar structural geometries. The company said that proximity of the Corentyne block to the Cretaceous Berbice Canyon sediment source is interpreted to have concentrated sandstone reservoirs in the North Corentyne area.