CGX Energy Inc has announced that approximately US$90 million would be spent on its Guyana exploration programme in 2021.
In a recent statement, CGX stated that the Kawa-1 exploration well on the Corentyne block is currently expected to be drilled to a depth of approximately 6,500 metres. They said that the well is expected to be spudded in the second half of 2021.
In a recent update, the company informed that the Kawa-1 prospect has been matured to a drill-ready status and well design is complete.