The joint venture partners in the Corentyne Block offshore Guyana have discovered oil in a well drilled on the block, but they are not giving assurances that there is enough crude in place to ultimately lead to commercial oil production. CGX Energy Inc and the Frontera Energy Corporation, partners in the Corentyne Block, this week said in their respective first-quarter results releases that the Wei-1 well on the Corentyne block was successfully drilled and oil was encountered. “Preliminary indications from the secondary targets in…
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