OFFSHORE
World-Class Prospects
  Regional Overview
  Guyana Exploration
  Basin Potential USGS
  Geology & Prospectivity Report
  Maritime Border Dispute
Corentyne Licence
  Work Program
  Fiscal Regime
  Seismic Program
  Prospects
    Eagle
    Wishbone
    Annex
    Horseshoe
Georgetown Licence
  Turbidite Trend
  Berbice Canyon
Pomeroon Licence
  East Venezuela Basin
 

Offshore | World-Class Prospects | Guyana Exploration

  Corentyne Licence
(CGX 100%)
     
  2.3 million acres
  11,000 km of vintage (1973-1990) seismic
  1,800 km (1999) 2-D seismic
  536 sq km (2008) 3-D seismic
  Independent resource estimate by Gustavson Associates provides P50 resource estimate of 2.8 billion barrels
    Uphole Tertiary Targets
      Eagle Tertiary — 315 mmbbl potential
    Cretaceous Basin Floor Fan Targets
      Eagle Lower Turonian — 1,269 mmbbl potential
      Eagle Upper Turonian — 1,241 mmbbl potential
  Well commitment for 2011
     
  Georgetown Licence
(CGX 25%, Repsol 45%, Tullow 30%)
     
  1.7 million acres (.4 million net)
  1,700 km (1999) 2-D seismic
  1,839 sq km (2009) 3-D seismic
  Giant potential
    CGX estimates similar potential in turbidite trend
    Repsol estimates >1 billion bbls in Canyon play
  Well commitment for 2011
         
  Pomeroon Licence
(CGX 100%)
     
  2.8 million acres
  Five turbidite leads on vintage seismic
  Exploration postponed because of Venezuelan border claims
         
  Exxon Licence
(Exxon 75%, Shell 25%)
     
  17 million acres off the edge of the continental shelf
  Aeromag survey in 2000
  55,000 sq km (2009) 2-D seismic program
 
     
  Disclaimer: There have been oil and gas shows in many of the 30 wells that have been drilled offshore Guyana and Suriname, but no discoveries. As a result, there are no hydrocarbon reserves attributable to these properties, only an estimate of resource potential based on wellbore and seismic analysis, and analogy to known reservoirs in the Atlantic margin.
     
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