International energy logistics provider Peterson has been awarded a major contract with Repsol’s Guyana subsidiary for work on an offshore well.
Peterson said on Tuesday that it was selected as the main logistics contractor for the Carapa-1 exploration and drilling project.
The company will provide Repsol with integrated supply base operations management, logistics, and pipe yard operations. Peterson will service this project from Trinidad and Guyana.
Maarten Spiljard, director of business development at Peterson, said: “We are delighted to have won this new contract with Repsol and it reaffirms our commitment to the Caribbean region. Peterson and Repsol have had a strong working relationship to date, and we look forward to working with them in the months and years ahead.”
The Carapa-1 well on the Kanuku block, which is located 150 kilometers offshore Guyana, is expected to be drilled in the third quarter of 2019. The Carapa prospect is a 200-million-barrel Cretaceous target located in 70 meters of water and will be drilled using a jack-up rig.
Repsol operates the block with a 37.5 percent working interest. Partners in the block are Tullow with 37.5 percent while Total and Qatar Petroleum share the remaining 25 percent.
Namely, Qatar Petroleum signed a deal with Total in late July for a share of rights in two blocks offshore Guyana. Under the farm-in deal, the Qatari national oil and gas firm took hold of 40 percent of Total’s existing 25 percent participating interest in both the Orinduik and Kanuku blocks.
The Spanish oil major has already awarded a drilling contract to Rowan’s EXL II jack-up rig for operations off Guyana. The contract is for one well beginning in the third quarter of 2019 with a duration of approximately 45 days. Preparations for this well are ongoing.
Offshore Energy Today