| Offshore | Pomeroon Licence | East Venezuela Basin | ||||
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One of hottest exploration basins in the world | |||
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Trinidad has identified 21 tcf of proven gas reserves | |||
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Expected to increase to 36 tcf within five years | |||
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PdVsa estimate 40 – 80 tcf of gas in adjacent Deltana Platform | |||
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4.7 million tonne per year LNG terminal to be built on Paria Peninsula | |||
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Activity since October 2004 | |||
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BBtt discovery offshore Trinidad | |||
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1,400 feet pay, > 2 tcf | |||
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US$2.4 billion budget over next three years | |||
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ConocoPhillips declares commercial discovery Venezuela Gulf of Paria | |||
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Approved for development drilling | |||
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Initial production 80,000 bopd, growing to 120,000 bopd | |||
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Assume five year reserve life index; minimum reserves 200 million bbls | |||
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ChevronTexaco - Conoco discovery Venezuela Deltana Block 2 | |||
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755 feet pay; six reservoirs; > 5 tcf | |||
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When declared commercial, US$2 billion development program | |||
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ChevronTexaco - BG pool extension into Trinidad | |||
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899 feet pay; six gas sands; currently testing | |||
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Statoil-Total drilling three well program on Venezuela Deltana Platform Block 4 | |||
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If successful exploration, $3 billion development program | |||
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PetroBras enters into 60 day review of Venezuela Deltana Platform Block 5 on Feb14 | |||
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PetroBras enters into 60 day review of offshore Guyana on February16 | |||
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Diverse
development on Deltana Offshore Engineer by Marshall DeLuca Wednesday, September 1, 2004 |
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