CGX Resources Inc recently informed the market that the Kawa-1 exploration well in the Corentyne block is scheduled to be spud during the second half of this year.
According to the operator, well design has been completed and procurement of long lead items and recruitment of key technical staff are in advanced stages. CRI expects to drill the Kawa-1 exploration well in a water depth of approximately 1,100 feet targeting the Santonian level
According to CGX’s most recent report on the Corentyne block, the company had completed a preliminary evaluation of the recently processed 3D seismic data over the block, which led to the identification of two potentially highly prospective large channel sand reservoir complexes. Kawa is one of them.
These channel complexes are interpreted to contain multiple high potential leads located in the northern region of the Corentyne Block which is located in proximity to the Stabroek Block offshore Guyana and Block 58 offshore Suriname, where ExxonMobil and Apache have made several oil discoveries, respectively.
The Pluma and Haimara discoveries in the Stabroek Block are located approximately 2 and 8 miles, respectively from the border of the northern region of the Corentyne Block and the Maka Central, Kwakwasi-1 and Sapakara West discoveries in Block 58 are located approximately 7, 15, and 20 miles, respectively from the border of the northern region of the Corentyne Block.
Per information shared by CGX, the leads mapped in the Northern Corentyne Block are interpreted to be situated at the same geological horizons as the nearby significant discoveries already proven in the Stabroek Block and Block 58.