CGX Energy hits discovery offshore Guyana

Guyana

GEORGETOWN, February 2, 2022 – CGX Energy and its majority stakeholder Frontera Energy Corporation have made a significant discovery at the Kawa-1 well on the Corentyne block in Guyana, the Canadian E&P company announced on Monday.

Drilling at the well hit 54 metres of hydrocarbon-bearing reservoirs based on initial evaluation of logging data.

Neither size of the find or cost of drilling operations was disclosed.

A second well on the block, Wei-1, is expected to be drilled in Q2 2022.

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