(Reuters) – Tullow Oil said today it would abandon drilling operations at Beebei-Potaro exploration well in offshore Guyana after results showed the well bore water.
The group, which holds 37.5% of the Kanuku block where the well lies, said it would work with joint venture partners before deciding on its next steps.
Spain’s Repsol SA, which operates the Kanuku licence, and TOQAP, a JV between Total SA and Qatar Petroleum, own the remaining shares in the block.
London-based Tullow Oil said the well, which had been drilled to a depth of 4,325 metres, still displayed “good quality reservoir” in its primary and secondary targets.
