Frontera sets its sights on developing Guyana play
Guyana Should the analysis return with positive results, Frontera Energy and its partner CGX Energy would be the second consortium to advance an oil exploration project to its development phase in Guyana after ExxonMobil and its partners.
The Wei-1 exploration well was drilled in June 2023 by Noble Corporation’s semi-submersible rig Noble Discoverer.
The play is located 14 kilometres from the Kawa-1 discovery announced in May 2022, making it the second successful discovery on the concession.
CGX Energy holds a 32% operating stake in the block, with Frontera Energy Corporation holding the remaining 68% shares.
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