Offshore staff
LONDON – Karoon Energy and its partners will P&A the Marina-1 exploration well offshore Peru.
The well, drilled by the drillship Stena Forth to a TD of 3,022 m (9,914 ft) in 362 m (1,187 ft) of water, encountered thin water-bearing sands and minor gas shows in the La Cruz and Mal Pelo formations, but there were no signs of hydrocarbons in the prime Tumbes formation targets.
Karoon Energy is the operator of the Marina-1 well through its wholly owned subsidiary, KEI (Peru Z‐38) Sucursal del Peru and has a 40% operating equity interest. Tullow Oil holds a 35% interest with Pitkin Petroleum holding the remaining 25%.
Mark MacFarlane, COO of partner Tullow Oil, said: “This is the first ever well in the deepwater section of the under-explored Tumbes basin. We will now integrate the important well information with the seismic data that we are currently reprocessing and update our prospect inventory for blocks Z-38 and Z-64.
“Tullow is building an extensive exploration position in Peru and, while this result is not what we had hoped for, we remain positive about Peru’s wider offshore exploration potential.”
02/17/2020
