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Post by Blitz on Apr 26, 2024 7:03:53 GMT -5
This certainly doesn't hurt drillship demand. And now this... Trumpetfish and Redmouth wells up next on Exxon’s Stabroek Block drill campaign OilNOW - April 25, 2024 oilnow.gy/featured/trumpetfish-and-redmouth-wells-up-next-on-exxons-stabroek-block-drill-campaign/ExxonMobil is targeting the Trumpetfish-1 and Redmouth-1 wells next in its Stabroek Block exploration campaign. According to notices from Guyana’s Maritime Administration Department (MARAD), drilling at Trumpetfish-1 is scheduled to conclude on April 30 while drilling at Redmouth-1 is scheduled to end on July 15. Both prospects are anchor-hunting wells, meaning they target new reserve bases for potential standalone developments. Both wells are located west of the Liza and Payara discoveries. ExxonMobil Guyana’s Stabroek Block exploration roster includes seven wells. The company announced the Bluefin-1 discovery in March. This forms part of its 35-well campaign, which spans several years. ExxonMobil has thus far discovered more than 11 billion oil-equivalent barrels offshore Guyana. It holds a 45% stake in the Stabroek Block with Hess holding 30% and CNOOC 25%.
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Post by bjspokanimal on Apr 26, 2024 11:18:43 GMT -5
Trumpetfish and Redmouth are similar to Namibia's Mopane wells in that they are being drilled quite a distance outside of the main discovery fairways in their respective countries. Mopane was significant, since it established significant breadth of oilfields in the basin. If these Guyana wells are as successful as the Mopane wells were, then the 12 months from last july to next july could be a very impressive time period for new, ultra-deepwater discoveries that are likely to accelerate drillship demand.
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Post by kingrig on Apr 26, 2024 11:21:50 GMT -5
Trumpetfish and Redmouth are similar to Namibia's Mopane wells in that they are being drilled quite a distance outside of the main discovery fairways in their respective countries. Mopane was significant, since it established significant breadth of oilfields in the basin. If these Guyana wells are as successful as the Mopane wells were, then the 12 months from last july to next july could be a very impressive time period for new, ultra-deepwater discoveries that are likely to accelerate drillship demand. oh my, they better hurry up & contract Transocean lol
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Post by bjspokanimal on Apr 26, 2024 11:34:35 GMT -5
Trumpetfish and Redmouth are similar to Namibia's Mopane wells in that they are being drilled quite a distance outside of the main discovery fairways in their respective countries. Mopane was significant, since it established significant breadth of oilfields in the basin. If these Guyana wells are as successful as the Mopane wells were, then the 12 months from last july to next july could be a very impressive time period for new, ultra-deepwater discoveries that are likely to accelerate drillship demand. oh my, they better hurry up & contract Transocean lol Being exploration wells, I imagine that development FIDs are a ways off, although the Mopane discoveries were huge so the FIDs may be hurried along. 6G semis are sold out but warm drillships can still be had without too long a wait. Transocean's Inspiration is an example of that. To me, it appears that other drillers have decided to help move a "shortage" along by joining Transocean with stingy behavior regarding further drillship reactivations. We seem to be on the verge of that, except for dilemmas like Inspiration, which may be a 6th generation ship but it's quite capable. Sometimes, we see concern on the part of operators about being able to get a drillship, like the tremendously long lead-time Mexico contracted for Invictus... a full 2 year lead-time with options for 2 other ships. Then you see Inspiration, which has been idle for quite awhile now. The driller-financed-reactivation moratorium appears to be an industry consensus to help spur more urgency among operators.
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