Karoon spuds Marina-1 offshore Peru

Karoon Energy Ltd, Melbourne, has spudded its Marina-1 wildcat in Block Z-38 in the Tumbes sub-basin offshore Peru.

The Stena Forth drillship is estimated to take about a month for the programme, drilling to a total depth of 3,000 metres subsea.

Karoon said the Marina prospect has a gross prospective resource estimate of 256 MMbbl of oil. The prospect is a large fault-bounded structure with multiple targets likely in the Tertiary-age La Cruz to Cardalitos formations 900-3,000 m subsea.

Karoon defined the structures with 3D data. Nearby hydrocarbon seeps indicate that migration of hydrocarbons has occurred.

Karoon is operator with 40% interest. Partners are Tullow Oil Ltd 35% and Pitkin Petroleum 25%.

Source: Oil & Gas Journal