Maersk Drilling has been awarded a one-well contract by CGX Resources, operator and joint venture partner with Frontera Energy Guyana Corp, for the semi-submersible rig Maersk Discoverer to perform exploration drilling in the Corentyne Block offshore Guyana.
Friday, 23 Apr 21
Maersk Drilling has been awarded a one-well contract by CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp., for the semi-submersible rig Maersk Discoverer to perform exploration drilling in the Corentyne Block offshore Guyana.
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The contract has an estimated duration of 75-85 days and is expected to commence in 3Q21, in direct continuation of the rig’s current work scope. The contract contains one firm-well in the Corentyne Block and one optional well for the Demerara Block. The optional well has an estimated duration of 40 days. Maersk Drilling and CGX are in discussions to add additional services and performance incentives to the scope.
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Frontera Provides Notice of Q1/21 Financial Results and Conference Call
TORONTO, April 22, 2021 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (
Frontera or the
CGX ), joint venture partners (the
Joint Venture ) in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc. (
CGX Resources ), operator of the Corentyne Block, has entered into an agreement (the
Drilling Contract ) with Maersk Drilling Holdings Singapore Pte. Ltd. (Maersk), a subsidiary of The Drilling Company of 1972 A/S, for the provision of a semi-submersible drilling unit, the Maersk Discoverer, and associated services to drill the Joint Venture s Kawa-1 well. The Joint Venture is targeting an early third quarter spud for the Kawa-1 well. All financial amounts in this news release are in United States dollars, unless otherwise stated.
Maersk Drilling awarded one-well exploration contract for Maersk Discoverer
Maersk Drilling has been awarded a one-well contract by CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp, for the semi-submersible rig Maersk Discoverer to perform exploration drilling in the Corentyne Block offshore Guyana. The contract has an estimated duration of 75-85 days and is expected to commence in third quarter 2021, in direct continuation of the rig’s current work scope. The contract contains one firm-well in the Corentyne Block and one optional well for the Demerara Block. The optional well has an estimated duration of 40 days. Maersk Drilling and CGX are in discussions to add additional services and performance incentives to the scope.