The exploration and production of hydrocarbons in the Caribbean has been somewhat overlooked in recent times despite its close proximity to major oil producing areas.
Tullow announced on 24th September that the Cormorant Well in PEL 37 (Tullow Oil (35%), ONGC Videsh (30%) Pancontinental (20%), Africa Energy (10%) and Paragon Oil and Gas (5%)) will be plugged and abandoned. Since spud the Ocean Poseidon has been on location for only 20 days, some 2 weeks ahead of schedule.
Today (4th September 2018) the Ocean Poseidon Drill Ship has spudded the Cormorant Well (2012/13-2) in Licence PEL37 offshore Namibia, on behalf of Operator Tullow Oil (35%) and partners ONGC Videsh (30%) Pancontinental (20%), Africa Energy (10%) and Paragon Oil and Gas (5%).
