Super Basins 11- The Caribbean
two new exploration Frontiers?
Free
FEATURED SPEAKERSChris Matchette-Downes
» founder
» CaribX
Jeniffer Masi
» Chief Geoscientist
» Geoex MCG
Full Agenda
Friday, November 4, 2022
Webinar
Online
The Caribbean......
Undoubtedly, this region has arrived as a key area for future oil and gas exploration.
The discovery of billions of barrels of oil offshore Guyana by ExxonMobil and partners since 2015 has focused the attention of the geological community on the eastern boundary of the Caribbean and South American tectonic plates.
And the recent announcement by EcoPetrol of promising gas discoveries offshore Colombia defines a ‘complete set’ along the southern margin of the Caribbean – Colombia=>Venezuela=>Trinidad=>Guyana.
Which brings us to two questions:
What about the western side of the Caribbean, from Nicaragua round to Jamaica?
And could there be ‘trendology’ from Guyana into the eastern side, into the Tobago Basin and perhaps the Barbados Accretionary Prism (as conjectured in AAPG Memoir 123)?
Our webinar will focus on these two questions!!
The webinar is at 1pm UK time and lasts one hour
Karl Jeffery is editor and co-founder of Digital Energy Journal, and conference producer of Finding Petroleum. He is also publisher of Carbon Capture Journal and Tanker Operator, and co-founder of Digital Ship, a publishing and events company covering digital technology for the deep sea maritime industry. He has a BEng in chemical engineering from Nottingham University
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Talk Description ....from Jamaica round to Nicaragua
CaribX has been active in this region since 2009 and its predecessor MDOIL since 2003.
Chortis is a major continental tectonic block in the Western Caribbean. Its offshore component stretches some 750 kms. between the coasts of Honduras and Nicaragua to western Jamaica. Some 50 wells were drilled across this terrain up to the early 1980’s with 73% of the wells recording hydrocarbon shows, 5 wells flowed hydrocarbons with several significant source rock penetrations.
In this short presentation I will walk through the basins describing the oils, source rocks and reservoirs of this lightly explored part of the Caribbean. |
Chris has been in the upstream business for over 30 years, including time with BP, BG and more recently Black Marlin Energy. A petroleum geochemist, Chris is well-respected for work done in both East Africa and in the greater Caribbean region and has undertaken several geoscientific reviews of the region since 2003. He was a founder of Black Marlin which was sold in 2010 for 100 + mln USD. He is a renowned expert and often speaks at international conferences and seminars on the subject of oil and gas exploration. In addition, he has a track record of finding and securing commercial deals. MSc., BSc., CGeol
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Talk Description .During 2018 and 2019, Geoex MCG acquired the Caribbean Atlantic Margin Deep Imaging seismic survey (CAMDI). This survey consists of 16,443 km MC2D long offset and deep records seismic data. This transnational survey continuously covers acreage across the maritime borders of Barbados, Trinidad & Tobago, Grenada, and St. Vincent. The survey was originally designed in two grids. The Regional Grid is meant to provide a better understanding of the regional tectonic framework of the different basins along the Southeastern Caribbean and Western Atlantic Margin of Northeast South America. The Detailed Grid, offshore Trinidad & Tobago, and Grenada, is designed to provide more detail, to outline potential prospects and tying the producing areas in Trinidad & Tobago to the underexplored deeper part of the Tobago Trough. The CAMDI survey can be combined with Barbados Survey acquired in 2012/2013 by Geoex MCG, to outline potential prospects in Barbados. The Barbados Survey is comprising 6,837 km of long-offset 2D seismic data over a 14 x 14 km and 7 x 7 km prospect grid, covering the Barbados Trough, the Tobago Basin and crosses the Barbados Ridge. All the components for successful exploration are present offshore Southeastern Caribbean, Including several trapping configurations: channels, rollover structures and anticlines. An integrated interpretation of both CAMDI and Barbados MC2D surveys have led to the identification of multiple prospects. These prospects are expected to be charged by the La Luna formation (or its regional equivalent). Structural and stratigraphic traps have been mapped out and Direct Hydrocarbon Indicators (DHI’s) can be observed in connection with many of these traps.
The Southeastern Caribbean area is an excellent exploration opportunity, with only a few exploration wells are drilled in this vast untested area. Several world class leads have been identified with the using both Geoex MCG surveys: CAMDI and Barbados. Good quality offshore reservoirs appear in the data, optimizing the ‘below-ground risk’. Meanwhile, regional Governments have created an exploration environment optimizing the ‘above-ground risk’.
The Government of Barbados recently announced the schedule for their Offshore Licensing round. In addition, the Government of Trinidad & Tobago has recently also published the expected blocks on offer for Competitive Bidding in Q4 2022.
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David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.
Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.
He was on the board of Premier Oil from May 2014 to May 2016.
He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.
He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.
From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.
He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.
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