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Northern Caribbean 2017-05-17T13:58:14+00:00

Northern Caribbean

Project Summary

This Report provides a summary of the geology and hydrocarbon potential of the Northern Caribbean focussing on Cuba, Bahamas and Jamaica. It is provided as an ArcGIS project with supplementary dossiers in PowerPoint format. We use a comprehensive compilation of public domain data which is being continually updated..

Why explore in Cuba?

  • Proven oil province
  • Complex geology and inefficient exploration, modern technology will lead to geologically-driven discoveries
  • Low operating costs
  • Barriers to foreign participation are decreasing
  • Wide range of opportunities;
  • Giant prospects in easily accessible foldbelts
  • Jurassic rotated fault blocks in the NW Cuban Platform
  • Stratigraphic traps in foreland basin
  • Large potential for enhanced oil recovery
  • 39 open blocks
  • USGS (2004) assessment of mean, undiscovered recoverable reserves = 4.6-9.3 billion barrels

Why explore in Jamaica

  • Extended continental platform with large Exclusive Economic Zone 250,000km2
  • Prospective area includes 20,000 km2 platform
  • Active oil generation; onshore seepage, shows in many wells
  • Good carbonate (reefal) development, good clastic reservoirs present
  • Only 11 wells (2 in the offshore), last drilling over 30 years ago
  • New extensive 2D seismic with large structural prospects mapped
  • Existing Petrojam refinery in Kingston with 36,000 BOPD capacity

Why explore The Bahamas

  • Carbonate platform adjacent to Cuban foredeeps
  • Only 5 wells, all with oil and gas shows (last drilled 1986)
  • ~8,000km 2D & ~3,000km2 3D good quality seismic acquired in last 7 years
  • Large anticlinal structures mapped in foredeep margin and faulted intra-platform prospects with carbonate build-up geometries
  • Attractive operating, regulatory and fiscal regime
  • Farm-in opportunities available

Project Contents

  • 372 hyperlinked cross sections
  • 32 hyperlinked wells
  • Onshore geology mostly at 1:250,000.
  • Faults including, major growth faults, strike-slip, thrust faults and lineaments
  • Fold axial traces
  • Oil, gas and condensate fields
  • Prospects and leads
  • Public domain gravity data processed by GEO International Ltd.
  • Source rock distribution and maturity
  • Volcanic outlines
  • Surface oil slicks
  • Seeps
  • Geochron data
  • Ocean Continent Boundary
  • Earthquake locations

Basin Dossiers

  • Northern Caribbean Introduction
  • Cuba
  • The Bahamas
  • Jamaica