Frontera Energy Corporation and CGX Energy, joint venture partners in the Petroleum Prospecting Licence for the Corentyne block offshore Guyana on Wednesday announced that that CGX Resources Inc., has entered into an agreement with Maersk Drilling Holdings Singapore Pte. Ltd to drill the Kawa-1 well.
According to a statement by Frontera, Maersk, a subsidiary of The Drilling Company of 1972 A/S, has agreed to provide a semi-submersible drilling unit, the Maersk Discoverer, and associated services to drill the joint venture’s Kawa-1 well in the Corentyne block.
The joint venture partners are targeting an early third-quarter spud for the Kawa-1 well. In early March the company informed that the Kawa-1 prospect has been matured to a drill-ready status and well design is complete.