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Rystad Energy says Joe discovery smaller than expected

Norway-based Rystad Energy says the Joe discovery on the Orinduik block offshore Guyana, announced on Monday, is tens of millions of barrels less than anticipated.
The Joe-1 exploration well was drilled to a final depth of 2175 meters and encountered a high quality oil-bearing sandstone reservoir of Upper Tertiary age.
Joe-1, unlike Jethro-1, targeted a shallower reservoir hence de-risking the potential of prospects identified towards the west of the block.

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