12 years after Suriname ejection…CGX starts drilling for oil

The Ocean Saratoga rig, hired by CGX Energy, has started to drill at the Corentyne concession.

CGX Energy Inc. has announced that it has commenced drilling for oil at the Eagle-1 well.
The news came days after Government announced that a group comprising Repsol Exploracion S.A (15 per cent), YPF Guyana Limited (30 per cent) and Tullow Oil plc (30 per cent) and CGX, has started drilling at a location 107 miles offshore Georgetown. That well is known as the Jaguar-1 well.
It was widely expected that drilling in the Corentyne concession, which is 100 per cent owned by CGX will take about two months.
According to CGX in a statement yesterday, the Eagle-1 well will be drilled to a depth of 4,250 metres to test the Eocene and Maastrichtian geologic zones.
“The well is being drilled by the Ocean Saratoga semi-submersible drilling rig owned by a subsidiary of Diamond Offshore Drilling, Inc., a leading drilling contractor with over 40 years of global drilling experience.”