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Tullow comes up dry with Peru's Marina-1 exploration well

Feb 17, 2020
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Tullow Oil announced that the Marina-1 exploration well, drilled on Z-38 licence offshore Peru, has not encountered significant hydrocarbons.

The company confirmed that the well tested the La Cruz and Mal Pelo formations where minor gas shows were encountered however there were no indications of hydrocarbons in the primary targets in the Tumbes formation.

The Stena Forth drillship drilled the Marina-1 well to a Total Depth of 3,022 metres in 362 metres of water and the well will now be plugged and abandoned.

Mark MacFarlane, chief operating officer, commented: “This is the first ever well in the deep-water 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.”

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 per cent operating equity interest. Tullow Oil holds a 35 per cent interest with Pitkin Petroleum holding the remaining 25 per cent.


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