Report summaryThe Zaedyus field was the first material discovery in South America's Equatorial Margin. It lies in ultra-deep waters and was discovered through only the third well drilled in French Guiana. After the exploration well GM-ES-1's promising oil discovery in 2011, a follow-up four-well exploration and appraisal drilling campaign in 2012-2013 yielded very disappointing results. The block now faces relinquishment in mid-2016 unless the operators negotiate an extension with the ...
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