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Frontera Energy Provides Operational Update on Kawa-1 Well, Offshore Guyana
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Frontera Energy Provides Operational Update on Kawa-1 Well, Offshore Guyana
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Features
Guyana-Suriname basin: Rise from obscurity to super potential
The challenge now facing operators in this promising region is to transition from an exploration/appraisal mode to best practices for development and production. Thomas Cool, Lumay Viloria, Endeavor Management
Recent discoveries in the Guyana-Suriname basin attest to estimates of 10+ Bbbl of oil resources and more than 30 Tcf of gas.
1 Like many oil & gas successes, this is a story that begins with early exploration success onshore, followed by a long period of exploration disappointment in coastal to shelf regions offshore, eventually culminating in deepwater success.
Licenses/blocks are active in four countries along South Americaâs northeastern coast, including Guyana and Suriname. Map: drillinginfo.com.
Frontera Announces First Quarter 2021 Results
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IN LINE WITH GUIDANCE
INCREASED OPERATING EBITDA BY 94% TO $69.2 MILLION AND
REDUCED PRODUCTION COSTS PER BARREL BY 22% COMPARED TO Q4/2020
RECEIVED FAVOURABLE OPINION ON CONCILIATION AGREEMENT
FROM PROCURADURÍA GENERAL DE LA NACIÓN
TARGETING AN EARLY THIRD QUARTER SPUD FOR THE GUYANA KAWA-1 WELL
TORONTO, May 5, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
Company ) today reported financial and operational results for the first quarter ended March 31, 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated.
First Quarter Operational and Financial Results:
Maersk Drilling Awarded One-Well Exploration Contract For Maersk Discoverer
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