25 June 2021 TotalEnergies and Qatar Petroleum were awarded shallow water Block 6 and Block 8.
As I research/review the emerging NE South America offshore oil plays, I thought this news release was particularly important for Frontera and CGX shareholders. Blocks B6 and B8 are adjacent to/on trend with the Corentyne block that is scheduled to be drilled in H2 2021.
My general impression is that both TotalEnergies and Qatar Petroleum are capable operators. So given my minimal understanding of all this, I view the bet on Blocks B6 and B8 as a rather bullish signal. As much or more so than the string of discoveries in Block 58.