Frontera, CGX Energy Eye Wei-1 Exploration Well Offshore Guyana

A joint venture (JV) comprised of Canada-based E&P companies, Frontera Energy Corp. and CGX Energy Inc., plan to spud an exploration well offshore Guyana located in close proximity to the prolific Stabroek block.

The well, called Wei-1, will be located approximately 14 km northwest of the Kawa-1 exploration well in the Corentyne block, 200 km offshore from Guyana’s capital city Georgetown, Calgary, Alberta-based Frontera announced June 16 in a press statement. Wei-1 is the second exploration well in the Corentyne block.

Frontera and its JV partner, CGX Energy, continue to eye potential offshore Guyana in the Corentyne block in hopes of replicating at least some of the success seen in the nearby Stabroek block with hopes of eventually moving a project to the development stage. Estimation of potentially recoverable reserves for the northern section of the Corentyne block is expected after the Wei-1 and potentially subsequent exploration and appraisal wells, Frontera and CGX executives announced during a webinar last month.