LatAmOil: Disappointment offshore Suriname

Tullow Oil (UK/Ireland) and its partners in Block 47 offshore Suriname have finished drilling the Goliathberg Voltzberg North-1 (GVN-1) exploration well without making a commercial discovery. In a statement, Tullow said the well had encountered a good-quality reservoir but registered only minor shows of crude oil.

Accordingly, GVN-1 will now be plugged and abandoned. Tullow will then work with its partners, Pluspetrol (Argentina) and Ratio Petroleum (Israel), to “assess the data gathered from the well and carefully consider [the] next steps,” the statement said.