South America

In French Guiana, the Zaedyus exploration well discovered 72 metres of net oil pay in two turbidite fans. This is the first well in Tullow’s extensive Guyana Basin acreage and successfully proved that the Jubilee play is mirrored across the Atlantic from West Africa. Currently, a sidetrack is being drilled to recover reservoir cores with operations expected to complete in mid-November. The partners are working on the 2012 programme and anticipate it to include 3D seismic and the drilling of two wells which is expected to commence in mid-2012 once all the necessary approvals have been obtained. Shell is expected to take over Operatorship of the block in early 2012, subject to Government and Joint Venture approval.

In Guyana, the Jaguar well is due to spud in mid-December once the Atwood Beacon rig completes current operations. In Suriname, preparation and planning continues towards a Q2 2012 3D seismic programme covering around 2,500 square kilometres.