RE: Tullow looking to farm out in Guyana :D16 Sep 2021 11:27
I don't get it, it is mentioned what Tullow will farm down...?
"Offshore Mauritania, Tullow is preparing for a decommissioning program on the Banda and Tiof fields, due to start early next year, subject to government approval. Full abandonment of the Petronas-operated Chinguetti field wells finished in August. The focus is now on clearing subsea infrastructure from the seabed in 2022.
Offshore South America, Tullow is looking to mitigate capital exposure from historical work commitments of around $50 million next year through farm-downs. These include the planned Beebei-Potaro exploration well on the Kanuku block off Guyana, targeting the prolific Cretaceous light oil play in the Guyana-Suriname basin, and seismic acquisition over block MLO 122 off Argentina.
Tullow has notified the government of Suriname of its decision to relinquish block 62, and will exit the license in October."
https://www.offshore-mag.com/regional-reports/africa/article/14210389/espoir-fpso-taken-offline-for-more-remediation
Right?