Tullow set to drill Araku prospect, Suriname

Araku Prospect

After recent success by ExxonMobil is neighbouring Guyana, Tullow Oil are set to drill what they describe as one of the strongest prospects in the last decade in Block 54, offshore Suriname. Set in 1000m of water, the Araku prospect is located close to the shelf edge break on the Damerara Plateau. With an estimated resource potential of 500 mmbo, Araku covers 330km2 and is a four-way, dome shaped structural closure with an Upper Cretaceous Maastrichtian reservoir. The well, operated by Tullow Oil (30%) with partners Statoil (50%) and Noble Energy (20%) will be drilled by NOBLE CORPORATION PLC's Noble Bob Douglas drillship, which is on contract with Tullow Oil from early October. If Aruku is successful, Tullow has a number of follow up prospects across Block 47 and 54 including stratigraphic and carbonate prospects.