Steven Keenan, Apache’s senior vice president of worldwide exploration, resigned 23/10/19.
Company’s shares and bonds tumbled, cost to insure against default surged.
Shares fell as much as 11% on Friday. Biggest intraday drop since January 2016.
Stock was down 5.6% (=$1.30) to $21.93 (from $23.23) at 1:34 p.m.
$170 Million larger-than-expected loss for third quarter.
Stock has plunged by 55 percent since September 2018.
First results Maka Central 1 prospect, multiple targets, by end November 2019 ?
Wall Street’s reactionto Keenan’s sudden departure driven by the fear that his exit portended ominous news for the Suriname results (dry hole??).
Apache declined to say why Keenan left, insisted it wasn’t related to Suriname.
Yeah, but? What if?
The main target, e.g. in the Tertiary, already appeared to have shown up dry, (just) before resigning on 23/10/19??
Apache aims to switch gearsfrom exploration mode to development
Bank of America Merrill Lynch last week touted the Suriname prospect as potentially game-changing for Apache.
It “has potential to reset the investment case,” Merrill Lynch’s analyst Doug Leggate, Oct. 18 note to his clients.
Leggate upgraded his rating on the stock, said a single good well (Maka prospect could translate into a $6-a-share benefit for Apache ??
My own question? Are the possible reserves of Maka (how many barrels reserves prognosed by the way ? adding how much with respect to total proven reserves of Apache?) enough to cause a reset and a share boost of $6?
Apache: third-quarter 2019 production 451,000 barrels of oil equivalent (BOE) per day. Excludes Egypt non-controlling interest and tax barrels, was 391,000 BOE; U.S. production of 266,000 BOE per day.
Very scarce information has been released pre/syn drilling of this well. Neither the official well location.
Noble Sam Croft, 7 mi (11.3 km) from offshore Suriname/Guyana median line
Day rate $ 170,000 approx.
Maka Central #1 prospect, multiple targets.
3-D and 50 significant prospects mapped…
Spudded September 24th 2019. TD about November 2019 at around 6,325 m (20,751 ft).
Will be deepened/extended to 6,900 m (decided on 2 dec. 2019).
Liza-1? 17,825 ft, TD
Option to use the rig for two additional well in block 58. Only if Maka Central 1 is a major discovery, I would assume.
The Haimara-1 well, encountered approximately 207 feet (63 metres) of high-quality gas condensate-bearing sandstone reservoir and was drilled to a depth of 18,289 feet (5,575 metres) in 4,590 feet (1,399 metres) of water.
Haimara is located at the south eastern end of the 6.6 million acres Stabroek Block and is the closest point to Block 58, for which a discovery has been made.
Maka well-Block 58-Apache-Map MCAL
Most (un)fortunate?
Share price $6 up?
A grand homerun in the upper deck?
Or $2 down…?
A lousy strike-out. With 3 straight, smoking 100-mile-hour fastballs. Without even swinging?
Faîtes vos jeux. Rien ne va plus.
Somewhere end 2019 we will know ?
Hopefully very first Suriname offshore major discovery and Christmas present 0n Boxing day 2019 ?
Or a brand new member of the “ Suriname 22/6 Dry Hole Offshore/Nearshore Family “ @2019 ?
The company said that, upon reaching a depth of approximately 6,200 meters, it had elected to conduct various testing activities in two distinct Upper Cretaceous play types. Following the completion of these tests (…fluid samples, DST’s ?) the company will set casing, make equipment modifications to the rig, and resume drilling in mid-December to evaluate a third play type in the Cretaceous (Albian carbonate??).
The new target depth of the well is approximately 6,900 meters (TVD…or sidetrack with depth measured along hole??).
Following the drilling operations, further testing and evaluation will be conducted as appropriate.
Haute Sranankondre Condensate Cuisine?
” Michelin Subsurface 4-Stars “? Alias “ The Liza & Payara Kitchen “?
Apache, Block 58 & Surroundings in Suriname.
Kitchen map, Halliburton, 2018:
Red area where Bl. 58 is located,
Indicates the late mature kitchen area of the Canje source rocks.
Expelling light oil and condensatesince some 5 Ma (End Neogene).
BasinMod Liza_Halliburton-2018
Seismic SW-NE section of dry hole Eagle, Guyana
Located some 20 km west, of the southern half of Block 58.
G&G analog for Maka prospect, presently (29/11/19) drilling ahead ?
(Hope not a dry hole analog).
Multiple target(s)
Tertiary ?
Upper Cretaceous fans
Albian carbonates (shelf or reef type ?)?
Ref. cgxenergy.com.
Corentyne Offshore PPL-Composite Dip Line and Depositional Model – cgxenergy.com
3 Multiple Prospects and Play Types Offshore Guyana – Exploration; Hess.com, 2019
4 Corentyne Offshore PPL – Composite Dip Line and Depositional Model – Fig. 4-6; cgxenergy.com
5 Guyana-Suriname Basin discoveries vs. CO2; 2019
6 Suriname Offshore Play and Licenses Maps; Ref. opportunities.staatsolie.com, 2019
7 Guyana-Suriname Basin – Continental Margin and Deep Basins – 3D Cartoon of possible processes; Taken and adapted from Fig. 13 of M. Rebecca et al, 2014
Giant fields are located on the lowermost “ Terrace “. So far 10/19.
Area of Upper Cretaceous rather flat-lying seafloor fans & associated sediments.
Located straight above the mature Canje source rocks kitchen. Where apparently the petroleum system works optimal.
Updip slope fans and fans/reservoirs in Tertiary involve a higher risk as far as migration, side and top seals is concerned.
Extending this cartoon, eastwards towards Sranankondre onshore 1 billion OOIP Tambaredjo field (1964).
A most simple Exploration Quiz:
Oil from same Liza kitchen ?
Thus some 20 billion bbls needed to make a 1 billion bbls field at 150 km away:
Olympic Gold Medal Subsurface Longdistance Walking & Hurdling.
But?
Why not take it easy, why walk so far, zig-zagging, hurdling, sneaking around, escaping etc. If you have plenty of complacent reservoirs nearby?
By the way, where are the other 18 billion bbls that initially accompanied me when expelled out of the kitchen, while traveling and venturing off the beaten paths towards Tambaredjo high ??
Sure, in-between, no doubt, totally agree.
Prize: A billion bbls field ?
Faîtes vous jeux. Rien ne va plus.
Source, picture, Tullow Oil, Internet.
Orinduik-Kanuku Prospect Map-Tullow-2019
Carapa-1 to be drilled: Reference, LI, Javed Razack, 20/10/19:
Rowan/Valaris EXL II jackup rig. Will drill 1 well, Carapa-1, for Repsol, Kanuku Block.
Carapa prospect is a 200-million-barrel Cretaceous target located in 70m of water.
The Kanuku block is almost 2000 sq km and operated by Repsol with a 37.5% stake. The partners are Tullow (37.5%) and Total (25%). With Tullow having back to back discoveries in 2019, it is certain that as a partner, Tullow will share their learnings, increasing the well’s chance of success.
Repsol has already hinted at 2 more exploration wells in 2020.
Jethro 1-Lobe discovery, 2019.
Clean Lower Tertiary amalgamated sandstone, 55 m. net, excellent reservoir. Clear seismic definition. Potential to be a standalone commercial discovery. Evaluating requirements for an appraisal well.
Well cost some $ 45 m.
Ref. Eco Atlantic, Colin Kinley, COO, 24-10-19.
Jethro, recent analysis (13/11/19) has shown that heavy oil was encountered.
Joe-1 discovery, 2019.
Well cost $21 m.
Proven reservoir, 16 m. net, and oil charge in Upper Tertiary sands.
Joe, recent analysis (13/11/19) has shown that heavy oil was encountered.
Jethro-1 and Joe-1 are mobile heavy crudes. Similar to the commercial heavy crudes (North Sea, Gulf of Mexico, Campos Basin, Venezuela and Angola) with high sulphur content.
Jethro-1 discovery has the advantage of 8,500 PSI reservoir (2,600 PSI Overpressure), which increases drive efficiency; high reservoir temperature of 94 degrees Celsius; and an estimated flowing well head temperature of 90 degrees.
Both increases oil mobility and provides an advantage at the floating production facility. Ref. Energypedia, 13/11/19
Tullow shares tumble after warning on Guyana projects.
Encouragement for other Upper Tertiary prospects in Orinduik.
Such as Jimmy (2020?). Situated in same charged sands. 3D processing and interpretation ongoing to correlate with the 2 discoveries.
Eco Atlantic, 3/11/19, Exploration, discoveries, influence on share price;Twitter: Increasesto discovered resource at Hammerhead and Jethro
Hammerhead is a major discovery made by Exxon/Hess on the Stabroek Block, which extends onto the Orinduik Block. Eco believes ~10% of Hammerhead could lie on its block and Hammerhead could be 400-800mmboe gross. Eco’s last CPR (prior to the appraisal wells) only gave credit for 2mmboe net to Eco and we have increased this to 9mmboe based on 600mmboe gross, with 10% on the Orinduik block following the positive appraisal results reported by Hess/Exxon. This gives a risked value of 12p/sh or 19p/sh unrisked. On Jethro, we are upping the estimated recoverable resource estimate to 250mmboe from 215mmboe to reflect the results exceeding the partners’ pre-drill expectations. This gives a risked value of 46p/sh or 81p/sh unrisked. The pre-drill estimate for Jethro was 215mmboe in the CPR on a P50 basis or 340mmbbl on a P10 basis. In the P10 case, using an NPV of US$5/bbl, the discovery is worth >US$250mm net to Eco on an unrisked basis.
New Tertiary exploration prospects, derisked by Jethro and Joe
Kankantrie was de grootste prospect met een mogelijkheid van 800 miljoen barrels, wel met een laag slagingspercentage van 10 procent.
Wij zaten op 2000 meter van de 2900 meter (TD), dan is iedereen enthousiast en dat enthousiasme is overgebracht.
Nu blijkt echter dat de boorput Kankantrie helemaal niets heeft opgeleverd. Ref. http://dwtonline.com/laatste-nieuws/2019/09/17/informatie-over-kankantrie-oliebron-geen-fake-nieuws/.
Is Suriname Block 58 upper half, the extension of the proven petroleum system, habitat and setting of the “ Guiana Golden Lane“ ??
The sediments were to a lesser extent sourced through the Berbice canyon, probably. By canyons along the Suriname continental shelf and margin (e.g. Corantijn Incised Valley, Saramacca -, etc.).
A wildcat exploration by Apache is currently 10/19 underway in Suriname. Prior to this only 14 wells have been drilled in the Guyana-Suriname basin beyond water depths greater than 20 meters.
Ref.
Hess Investor Information_16/10/2019_@$ 65.23 share_price and Etc. etc. etc. on Internet.
Guyana_Prospects_Playtypes_Hess_2018
4) Corentyne Offshore PPL – Composite Dip Line and Depositional Model – Fig. 4-6 – cgxenergy.com
Just southwest of #Haimara 1 discovery & just west of #Block 58_#Apache_#Suriname: Eagle 1 well, 2012, oil & gas shows. P&A.
Probably no efficient top & side seals. The Turonian, primary prospect, is divided into two units, separated by a flooding surface that acts as an internal seal.
These sand rich amalgamated sea floor fans are sourced from the Corentyne incised valley, and lie directly on top of Cenomanian source beds. The target reservoir package pinches out both laterally and up dip via a stratigraphic or facies pinch out.
Turonian sands were penetrated by the North Coronie #1 well in offshore Suriname. Directly above the regional anoxic source rock, the Lower Cenomanian Canje formation.
Equivalent/contemporaneous of Villeta-La Luna-Querecual-Naparima Hill anoxic source rocks (10-15 m.y., Cenomanian-Coniacian). Deposited along the whole northern South American passive continent margin during Upper Cretaceous.
Sure, most interesting “ Sea-Level Rise Symposium, 4/10/2019).
Who cares anyway ? Shareholders? Stakeholders?
Any Guiana-Suriname Basin Greenpeace activist around or signaled on the horizon ? Not yet Mrs. Greta Thunberg to defend Mother Earth ?
CO2, Newsweek, By Ewan Palmer,
“ SHELL CEO says it’s entirely legitimate to invest in oil and gas after being named among 20 firms behind third of all carbon Emissions.
The company was ranked seventh out of the state and investor-owned firms who helped contribute to 480billion tonnes (= 480 000 billion kilogram) of carbon dioxide equivalent in the modern era.
Van Beurden said. A bigger risk is prematurely turning your back on oil and gas.
Speaking to Reuters he was dismissing what he described as the “demonization” and “unjustified” concerns about the energy company’s future business model “.
Thus, entirely legitimate…
Turn your head with your iconic Ray Ban Aviator sunglasses on and the Noise Cancelling Headphones, Bose QuietComfort 20 Acoustic.
Full throttle?
Autostrada del Sole near Alassio, in a lovely sunroof V6 C350.
ExxonMobil Discoveries @ 10/19; = 1585 billion kg CO2 @ 2019; Co2 generated through time by Shell’s produced and burned petroleum up to 2019: 480 000 billion kilogram. Thus 303 x amount that Guiana petroleum reserves 2019 will generate in CO2.
6) Suriname Offshore Play Map – Ref. opportunities.staatsolie.com, 2019
7) Guyana-Suriname Basin – Continental Margin and Deep Basins – Cartoon of possible processes; Taken and adapted from Fig. 13 of M. Rebecca et al, 2014
Is this more or less how it really was in Guiana-Suriname Basin ?
Since Upper Cretaceous to Recent.
As unveiled in present day offshore basins on different continents.
Sure, for the sake of simplicity.
Not even taken into account the large amount of fine-grained sediments in G-S basin, first since 10 Ma, provenant from Amazon river.
Increasing drastically since 4.5 Ma. Amazon River and the continental-scale Amazon drainage basin were assembled during the late Miocene and Pliocene.
The Surinam coast is part of the extensive tropical mud coast between the Amazon River and the Orinoco River. Classified as a low to medium energy coast.
A substantially longshore supply of mud originates from the Amazon River. The fine grained sediment (pelite) is transported in suspension and also deposited in the deeper parts of Guiana-Suriname Basin.
A little bit different though?
From the nostalgic or fairy tale-like character multi-colored geo-cartoons.
Locally carbonates and shallow marine carbonate platforms are found in offshore Guiana-Suriname . Such as Albian and Tertiary shelf and reefal carbonates.
At least one offshore well drilled into and encountered carbonates.
Ref.
Hess (HES) Investor Presentation – Slideshow – Dec. 12, 2018 and Internet publications.
Walker prospect_Hess_Suriname
11) Kitchen map Canje Formation source rock in Guyana-Suriname Basin – Fig. 4; Ref. Halliburton, 2019
Geology students 1969 and staff of Leiden. My study buddies. Southern England stratigraphy excursion.
Geologists 1969 Leiden
This post in view of our 50-Years-Anniversary on September 07, 2019 in Schokland, Holland. Many of us have not seen each other for decades. Especially for this gathering various are traveling from distant places as Australia, Bulgaria and France.
Previous to this event we all unveil our own half century story, time for an update.
Leidse Universiteit, Faculteit Wiskunde en Natuurwetenschappen – Subfaculteit der Geologie en Geofysica.
Geologisch en Mineralogisch Instituut (nu ” ‘t Kruitschip ” appartementen genaamd), Garenmarkt 1B, Leiden, studiejaar 1969 (alias Sixty Nine’ers).
Geologisch Instituut Leiden, Garenmarkt 1B. Hoofdingang met daarboven op de 1ste etage de werkkamer van Marcel, Ray, Wilbert, Arie en Andre. Daarboven de suite van prof.dr. E. den Tex.
Geologisch Instituut Leiden, Garenmarkt 1B. Deze bronsen plaquette is geplaatst door de Leidsche Geologische Vereniging, LGV. Betaald met de donatie & legaat van jaargenoot en tevens mijn trouwe makker en karteer buddy in Cremenés, Cantabrië, Spanje. En Bernkastel-Kues, Eiffel, Duitsland: Willem Vreeburg, R.I.P. 2017.
La Bella Italia, La Dolce Vita
Zes maanden doctoraal veldwerk in Italië, Piemonte, Cottische Alpen, met mijn Citroen 2CV besteleend, trouwe buddy sinds mijn 1ste studiejaar.
Bivakkerend op 2020 m. naast het iconisch berghotel Rifugio Bergeria Selleries. Situato nella conca dell’Alpe nel cuore del Parco Naturale Orsiera Rocciavrè. Met Wilbert en zijn vrouw Josely, gr8 nostalgic times.
Idyllische kampeerplek en geologisch bijzonder interessant studiegebied. Eerst onderdeel van de Ligurische oceaan in het Jura, long ago. Vervolgens high-pressure gedoken onder de Apulische plaat. Daarna gelukkig weer de kop opgestoken. Obducted-educted als dekblad naar zijn huidige de plek. Hunkerend om bestudeerd te worden voor de Leidse Dora Maïra boys.
Vloeiend Italiaans geleerd, certamente, la piu bella lingua nel mondo. Lasting vriendschap gesmeed met Marisa en Silvana van Selleries. Silvana’s zoon is nu asistent professor in Groningen. Gli amici italiane da sempre, adesso anche in Olanda.
In het nabije gebied karteerden ook trouwe makkers André, Arie en Ray.
Boudinage in Triassic marbles. Cottian Alps, Piemonte, Italy. Excursion June 1973, with prof. dr. Giorgio dal Piaz, Università Torino and prof. dr. Emile den Tex, Leiden. Vlnr. Arie Schaap, André van der Meulen, Marcel Chin-A-Lien, Wilbert Hocks.
Enerverende dolce vita nella bella Italia. Certamente, caríssimi amici, ciao a tutti. Pasta, pizza, vino.
Remembering also the leisure escapes to the Italian Riviera and Monaco.
Wilbert & Josely, you will certainly recall. Barolo, Barbera, Lacrima Cristi wines, you were on honeymoon.
Closing with a round trip, a cultural discovery voyage of northern Italy after fieldwork.
Rifugio Bergeria Selleries, Fenestrelle, Piemonte, Italia – http://www.rifugioselleries.it
Moving to Venezuela, 1977-1989
Na afstuderen meteen gerold in een interesante baan bij de Geologische Dienst van Venezuela. Goud exploratie in het Precambrisch Schild. Most interesting, wow, hier had ik immers voor gestudeerd.
This decade coincided with the golden oil boom of Venezuela, with Caracas as La Sucursal del Cielo. Similar to the prevailing ambience in A moveable feast in Paris, from Ernest Hemingway, pura fiesta y parrandas.
In 1980 gestapt in de olie, petroleum exploratie en productie in Petróleos de Venezuela met veelbelovende lange termijn carrière perspectieven.
Een klassiek traject doorlopen, bottoms-up, hands-on across the ranks. Beginnend in iconic Maracaibo basin met E&P field operations, veldwerk, putten boren, olievelden zoeken en ontdekken. Doorstromend naar Research & Development instituut Intevep en hoofdkantoor.
Venezuela, La Sucursal del Cielo
A gifted place, most studied in tedious geology textbooks in Leiden now in my hands and at my footsteps, amazing.
Amazing and gifted indubitably? 6 Miss world, 7 miss universe titles. Precious, fashionable and elegant women, everyday, everywhere, really, unique, wow.
Geluk en succes gehad by contributing to the discovery van 2 giant oil fields.
6 Miljard vaten olie, a whole lot of oil.
More than all found in hotspot Guyana-Suriname basin, more than ever to be found in Holland. Tevens enige landmark petroleum publicaties.
Geluk en succes bovenal gehad met de giant discovery van mijn lieve, lovely en loyale echtgenote. Ontdekt en getrouwd in Caracas.
Ze is van alles voor mij. Esposa, amante, amiga, confidente, moeder en ook kunstschilderes, all-in-1.
Zoonlief heeft gelukkige spaanssprekende kinderjaartjes doorgebracht in Caracas. Vervolgens in NL, altijd blijmoedig en de fortuinlijke winnaar van de Faas Wilkes award als talentvolle voetbal jeugdspeler. Heeft op Universiteit Leiden gestudeerd.
Zoon, Venetië 2018
De Caracazo, een golf rellen, schietpartijen en bloedbaden in Caracas in februari 1989, was mijn duidelijke alarmbel dat het laatste rondtje was begonnen.
Carajo, time to move on diligently, se termino la fiesta.
Zie 30 jaar later.
De suïcidale afgrond waarin Venezuela zich eigenhandig gestort heeft door corrupte en ontspoorde machtspotentaten. From riches to rags. An emaciated dystopia.
Result ?
Precies als in Cronica de una muerte anunciada, thriller van Gabriel Garcia Marquez. Mijn lievelingschrijver sinds bewoner van Huize Maupertuus, gelegen schuin tegenover het vroegere huis van dichter Piet Paaltjens in Leiden.
Nieuwjaar 1990 Den Haag binnengerold met een pracht baan als chief geologist bij een Amerikaanse oliemaatschappij. Hunt Dynasty familiebedrijf uit Dallas, van biljonairs Herbert, Bunker en zusters.
Petroleum zoeken, produceren, dus make money met technische en business-commercial development expertise, de hele cocktail.
Outperforming major competitors in Dutch North Sea, with hugh gas discoveries in this super mature basin as with iconic G17, the only major stratigraphic trap.
Straightforward, korte, snelle beslissingslijnen.
De afleveringen van Dallas tv soapserie met hoofdrolspeler J.R., gebaseerd op hun olie saga weleens gezien ?
Gelukkig had ik een breed scala aan verantwoordelijkheden met veel autonomie.
Geology & Geophysics offshore taken. Met business-commercial development, merger, acquisitions, new ventures. Zoals in Hongarije, California, Moskou en Siberië tijdens Gorbachov time. Never a quiet or dull moment.
” Upgrade to an allround expert, Herbert informed me “, gevolgd door drie jaar studie, executive business administration, petroleum management en Russisch, bovenop mijn normale werkweek. Dus weer 2 M.Sc. bullen gehaald, nu op mijn 51ste, continual development of knowledge, competencies and skills.
Exciting time with many tales along the road. With the Hunt’s to Moscou and Siberië. Hunting for business in times of communism.
Anecdotes, beginning in Dallas in their impressive oak boardroom with mahogany oval table and leather chairs in their Thanksgiving Tower skyscraper. And during lunches in elite Dallas Petroleum Club.
Then when Herbert whispered, with a malicious eyewink, “ Indeed, you made sure we get the big bang for our invested bucks “. While toasting Russian style with bottles of wodka at breakfast. Sealing the deal with the board of Tomsk Neft, in Strezhevoy, in the middle of Dostoyevsky’s Siberia.
Hunt Dynasty: Herbert, Bunker, Lamar and sisters, owners of Placid Oil.
Consultant sinds 2005
Simultaan pensioen en consultancy binnengestapt na 3 decennia iedere dag hard bikkelen. Niet voorgoed de ballen ermee, geen geraniums of zwarte gaten bestuderen, nog niet.
Most happy and free like a bird on a wire.
Great time, alleen uitdagende, succesvol uitvoerbare projecten met een degelijk consultancy contract.
Zoals voor Repsol vanuit head office Madrid, als upstream business development manager, olievelden evalueren en kopen.
Stewardship voor het 2 miljard US$ bod op een West Afrikaans olieveld. En deelname aan een licensing round en NLG project in Nigeria.
Madrid and Spain ?
Excelente sitio, cultuur, gastronomie, mode en uitgaansleven everyday, a big city with a most exiting vibe and appealing life-style.
Tasca’s, restaurants, flamenco, corrida’s de toros, art exhibitions, Real Madrid in Bernabeu met Robben, van Nistelrooy and regularly getting kicked out at closing time in Cafe Bohemio at 04:00 a.m..
Great time.
Certainly with the company’s grand penthouse in the financial district and accompanying executive business credit card, wow, good to have one.
De Madrid para el Cielo.
Suriname, Staatsolie
Heel offshore onderzocht, gepromoot, petroleum contracten opgesteld en onderhandeld met international oil companies. Dit jaar dus de 1ste grote offshore discovery met de Kankantrie put, hopelijk.
Bijdrage mogen leveren aan het bepalen van de Extended Continental Shelf grens. Maximum extension possible obtained, from the UN Convention on the Law of the Sea, in N.Y..
Staatsrechtelijk uiterst belangrijk historisch moment. Nu zijn al de landsgrenzen immers definitief vastgesteld. Privileged that I could serve Sranankondre, geboorteland van mijn ouders.
Vruchtbare tijd op het werk en als mentor, afstudeercommissie lid van mijn thesis studenten op de universiteit, zelf ook veel geleerd.
Daarnaast chillen, all the time.
Met de talloze vrienden en familieleden van mijn ouders’ kant. Etentje hier, uitstapje daar, feestje hier, toevallig daar.
Super great to have loving, supportive family around. Also Maria painting at Nola Hatterman Art Academy, preparing her exposition Tribute to Suriname and all chilling in Torarica country club.
Ook iedere maand een weekend naar geboorte-eiland Curacao.
Salseros por fin ?
Oiga mi gente, ahora somos salseros. Porque sin salsa no hay paraíso, si señor.
Twee jaar intensieve wekelijkse lessen gevolgd, de salsa & bachata cursussen bij 4 dance academies. Workshops, oefenen, up to 8 hours weekly.
Fun?
Damned hard and tedious work for old-timers, in Friolandia, Curaçao en Colombia, meestal met jongeren.
Now graduated salseros. With lots of shines, smiles and moves at dance parties everywhere. To keep on moving with the thrill of fun.
A bailar se dijo, a mover los pies y las caderas, wow, a gozar mi preciosa mamita.
Salsa and bachata dancing. Photoshoot for GGD, for 1000 Posters for huisartsenposten and ziekenhuizen. Our own contribution to their program called ” Ouderen in Beweging “.
Van de allereerste petroleum geoloog, in history, van dushi Curacao.
You were great study buddies, enjoyed your company, very grateful for that.
Especially Wilbert, André, Jan Willem, trouwe brothers-in crime.
Last but not least, Ray en Willem, both in Heaven.
Mont Genèvre, France. On the photo, left to right, Arie Schaap, Andre van der Meulen, Marcel Chin-A-Lien, Ray Bergval (R.I.P.). Wilbert Hocks not on the pic as he took it. Taking selfies was not yet invented. drs. Henk Koning not on this pic, still climbing to reach the top.
Further
In winter when things get rough in Fríolandia ?
Liggend onder een wuivende palmboom, in mijn favoriete Pirate Bay Curacao Beach Club, met een Cuba libre longdrink in mijn hand, swingende salsa en sensuele bachata muziek met graciously moving ladies all around.
Zwemmend in de azuurblauwe heldere zee en denkend aan Holland ?
“ …zie ik breede rivieren, traag door oneindig, laagland gaan, rijen ondenkbaar ijle populieren, als hooge pluimen, aan den einder staan, en in de geweldige ruimte verzonken, de boerderijen, verspreid door het land…”
Curaçao
” Flashback 50 Years Search of Wisdom & Happiness ”
Life’s been good to me and to us.
Love lots of people. Lots of people love us.
Love is all you need.
We luv you All,
dearest family, mom at 102 years super luminous as ever, cooking daily for us and kicking around, dad & Armand R.I.P., many friends, family all around the world.
Guyana – Orinduik, prospectsGuyana Offshore – Discovery nr. 13 – Total reserves now 5.5 billion recoverableGuyana – Discoveries – Net Sand
How much money could (would) Guyana get from its Orinduik Profit Share ? Based on 2.9 billion BOE (Gross P50) reserves.
From “Rags to Riches”, “a nation that did not expect to win the lotto”, “soon to be the richest corner of South America”.
Petroleum Agreement signed 14th Jan. 2016
One year after Liza giant discovery, May 2015
And 5 months before 27th June, 2016:
When ExxonMobil’s original contract (June 14, 1999) was re-negotiated (though, just few items, such as 2% Royalty instead of 0 %)
Royalty is only 1 %, and, in addition…is included in the profit share of the Government (Article 15.6):
wowww…how beautifully negotiated and also obtained…by the IOC…Two-in-one, for one price. What a bargain.
Monthly Profit Oil Share, with increasing production from 50% – up to 60 % (Article 11.4)
2.9 billion BOE (Gross P50) reserves
This Contract is ” similar ” in many aspects to the ExxonMobil contract.
The royalty is even lower (1% vs. 2%).
Company Total exercises option to acquire 25% Working Interest in the Orinduik Block, offshore Guyana, from Eco Atlantic (Guyana) Inc. (13 September 2018).
WI’s in the Orinduik License will now be as follows:
Tullow 60% (Operator); Total 25%; Eco Guyana 15%
Question ?
Did Guyana seize this opportunity to negotiate a better, upgraded, ” proven basin ” profit share formula ?
(inserted: Guyana accepted Total’s farm-in end october 2018. Did they upgrade their profit share to proven basin level ???).
Covering at least the intended Total 25% WI farm-in portion.
That still has to be officially accepted and approved by Guyana ?
FYI, my opinion:
Orinduik PA presents similar crucial pitfalls, loopholes and omissions as the ExxonMobil PA.
Analyzed and indicated in various of my blogs and on Linkedin
How much money could (would) Guyana get from its Orinduik Profit Share ?
Based on published Gross P50 reserve numbers
Make your own fiscal – economic runs
If adapted, upgraded to ” Proven Basin PA Clauses “.
Thus, increased profit share formula and royalty (e.g. 6 %)?
How many billions US$ extra in entitlement and profit share ?
With 2.9 billion BOE:
1% Royalty = X bbls/US$
6% Royalty = 6X bbls/US$
How many billion US$ does this represent ?
XX or YYY billion US$
Just calculate yourself.
How many (2 digits? 3 digits??) billions US$ you have won / lost….with this deal…
Faîtes vos jeux
Disclaimer
These are solely my own personal musings
To Whom may be interested
To Whom it might be of fair and constructive use
As an independent petroleum advisor.
Also see 9 Guyana contracts on https://www.resourcecontracts.org/search?q=&country%5B%5D=GYr
Orinduik License Possible ReservesOrinduik Petroleum AgreementProfit ShareRoyalty
Official start of the “ Oil Curse in Guyana “:
March 04, 2015 ??
Why ??
Guyana: Oil Blocks awarded to four companies with no financial wherewithal (6/19):
Day before the 2015 General and Regional Elections, former President, Donald Ramotar acted in a manner that was contrary to this international best practice.
Ramotar signed away the Canje and Kaieteur Blocks, which total over 4.8 million acres, to four companies which have no track record of exploring for oil prior to 2015.
CANJE BLOCK OPERATORS
The two companies, which President Ramotar signed away the Canje Block to are Mid-Atlantic Oil and Gas and JHI Associates Inc. The block was awarded to the companies on March 4, 2015. This was roughly two months before the May 11, 2015 elections were held.
“The point remains that the companies, JHI and Mid-Atlantic, do not have a track record for exploration anywhere in the world since its incorporation,” the officials added.
THE KAIETEUR BLOCK
President Ramotar awarded the Kaieteur Block to Ratio Energy Limited and Ratio Guyana on April 28, 2015. Both companies are registered at the same offices in Prashad Nagar and Gibraltar, Israel.
Ratio Guyana does not have a website but on the Kaieteur Block’s Production Sharing Agreement (PSA), a Ryan Pereira is signed on as the Company Secretary, Director and General Partner of the company. This company’s only asset remains the Kaieteur Block. Not a single trace of evidence can be found to prove that it has years of experience in the exploration of oil and gas. (SEE LINK FOR PSA : https://resourcecontracts.org/contract/ocds-591adf-2701587320/view#/pdf)
Venezuela, El Litoral, Galipán – J. Aponte, 1994 – Caracas
15. Geology in Art (1)
My Linkedin post 7th August 2018
Explorer?
Discover?
Geology in Art: Venezuela, El Litoral:
Picacho Galipán y Macizo del Ávila desde Caraballeda.
Oil Painting, 1994. Impressionism style.
Artist: José Aponte (born 12 Sept. 1942),
Painter La Plaza de Los Pintores, Avenida Casanova, Caracas. Premio Nacional holder.
José Aponte before becoming a very successful autodidact painter and artist was a tough boxer.
Till the moment that he was knocked out of the ring by Mócho Hernández.
That propelled him to explore for a new and different exciting passion.
He lived for some time, accompanied by his mother, in Europe, Rome. When back in Venezuela he was assigned his own artist’s corner, along one of the main avenues in Caracas.
By Mr. Diego Arria, former governor of Caracas.
He made this painting on my request ?
It shows the really stunning and impressive mountain view of the wild Caribbean Mountain Chain.
As seen from the rugged coast and Caribbean seaside.
For explorationists additionally it exhibits and permeates the even so, most interesting dynamic geological and tectonic dimension, as described in:
Simon Raven, Copywriter Travel & Tech | Co-Author Driving the Trans-Siberian
Beautiful landscape. Art and boxing. Hands that are delicate as they are fierce!
Simon,
Thanks for your sharp comment.
Yes, indeed.
That was one of the things that amazed me.
While we used to watch him painting, in the evening, in his own painter’s corner along the boulevard. That we often visited.
How is this possible?
With those same boxer’s hands, knuckles and fingers ?
To produce such beautiful pieces of art.
But.
Reason why I ventured to ask him to make this specific painting.
That certainly requires some inner boxing fury.
To express the dynamism and geotectonic fury that formed this coastal mountain range and landscape ?
Faults and transtensional, transpressional, compressional structures, mountains, the result of stresses produced during the large eastward translation of the Caribbean plate since the Paleocene…etc. etc. etc.
” Pangaea Restless ” – Painting in acryl by artist M.A. Chin-A-Lien – 2006, The Netherlands
37. Geo-Art: Pangaea Sunsets et al.
These paintings in acryl were created by my dear wife. She is a painter and artist as well, within others.
She studied at art academies in Venezuela, the Netherlands, Spain, Madrid.
Also Suriname, Paramaribo at Nola Hatterman Art Academy. With guidance of Wilgo Vijfhoven and Rinaldo Klas. Two well known, colourful local and international well-known artists, both with their own unique art style.
” Pangaea Sunset as Indulged by a Mesosaurus” – Painting in acryl by artist Mrs. M.A. Chin-A-Lien – 2006, The Netherlands
She is really fascinated by painting geological features in an expressionistic style in her creations. This inspired by the fact that we talk a lot about geology, petroleum exploration etc. etc.
” Geo-Climate Change ” – Painting in acryl by artist Mrs. M.A. Chin-A-Lien – 2008, Suriname
Guiana-Suriname Basin – Play Concept & Petroleum Habitat
36. Geo-Art: Liza in 2008. Deep Sea Fans and Canyon Heads
Deep sea fans and canyon head deposits on the Continental Shelf, Guiana-Suriname Basin, 2008.
This is geo-art based on petroleum exploration geosciences.
Acryl paintings made in 2008.
Eight years before giant Liza 2015 offshore discovery. She was still on the waiting list. ” In-statu-nascendi “. Patiently waiting to be magnificently drilled and discovered by ExxonMobil.
An artistic expression of already a common situation offshore Guiana-Suriname Basin.
In my geo-mind ?
I had already imagined, constructed, admired, cherished and unveiled them.
Representing the giant Berbice canyon and its head, funnelling and guiding prospective turbidites. Slope, channel complexes and deeps fans. That were supplied by their provenance area on the Guyana Shield hinterland. Debouching and deposited via mainly 3 canyons, on the continental slope and splaying further onto the abyssal plain deep offshore.
From Lower Cretaceous times onwards.
Much later to become very popular leads, prospects and eventually giant petroleum fields, in 2015. In the Upper Cretaceous and Tertiary sediments. Sparking the ongoing Black Gold Rush.
These paintings were hanging on the walls of my office in Staatsolie.
Simple.
The play concept and petroleum habitat. Beautifully painted in acrylic. Impressionism, Vincent Van Gogh style ?
Already in 2008.
Pre-discovery time ?
” Petroleum is first found in the mind of the explorer “.
Of
Liza…and 12 others, at April 2019, already 5.5+ billion bbls recoverable reserves,
some 15 remaining propects just in Stabroek License,
Orinduik, much more to come.
Also in nearby licenses and in Suriname (Block 58).
Soon.
Liza Deepsea Fans & Canyon Head – Guiana-Suriname Basin – 2008 – Artistic interpretation and Acryl painting by Mrs. M.A. Chin-A-Lien, Paramaribo, 2008.
Why ?
I had the privilige to work on the whole Guiana-Suriname Basin for an extended time. Serving also Staatsolie, Suriname as an exploration advisor.
Part of this technical work I presented in december 2009. On offshore Guiana-Suriname Basin. A summary of the whole gamut of play types, leads and their prospectivity. In tandem herewith the newly re-defined licence blocks on offer in Suriname, then mainly open. This in line of the strategy to actively promote offshore Suriname to IOC’s. Now most fortunately most licensed. Even Demerara High area.
With.
Excellent PSC’s.
Mind you. No fuzzing and fighting. No public discussions. No uncertainties. All transparent. Black on white. Professionally. Signed.
Beforehand, of course, a most clear view and strategy. A pre-defined level playing field set. What exactly do we want. What exactly we do not want. Who do we want. Who do we not want. Like it or not. No complaints. Negotiated, give and take, no-yes-no-yes-no-Yezzz. Agreed, mutually, sure-about-it? Yes, signed, silent and go for it.
Simple.
Staatsolie, is a unique role model. For developing countries. Founded and grown up from scratch. Within others by geologist Dr. Eddie Jharap himself, the first and longstanding managing director. Please read his interesting book and biography on how he did it. Awesome.
Staatsolie now?
A grown-up and fully respected oil firm. With both technical and managerial grounded expertise in the whole value chain of oil and gas. Amazing, they did it on their own, they did it their way. Silently.
Dr. Jharap was about to finish his studies with structural geologist professor L.U. de Sitter. When I arrived as a green rookie at our mutual Alma Mater, Leiden.
My presentation was in Trinidad, Port of Spain during the Caribbean Energy Conference.
These 2 paintings were created by my dear wife. She is a painter and artist as well, within others. She studied at art academies in Venezuela, the Netherlands, Spain, Madrid. Sranankondre, Paramaribo at Nola Hatterman Art Academy, with guidance of two well known, splendid and colorful local artists, Wilgo Vijfhoven and Rinaldo Klas.
She accompanied me during the presentation. Is really fascinated by the dynamics of the canyons, turbidites and deep fans.
These paintings were made by her on my request.
First presented, during her art exhibition titled ” A Tribute to Suriname ” in April 2010. Together with other 25 paintings. In Paramaribo, Suriname. Sponsored by the Embassy and Consulate of Venezuela, that has a special cultural area and building, such as for art expositions.
I wish to share it with you, enjoy.
Liza Deepsea Fans & Canyon Head – Guiana- Suriname Basin – 2008 – Artistic interpretation and Acryl painting by Mrs. M.A. Chin-A-Lien, Paramaribo, 2008.
As an art lover, contantly stepping in and out of museums, art galleries etc. etc., wherever I go and can go. Since being a kid at high school, till now I have never seen any other oil or acryl paintings of this subject. Not even in my favourite museum in Amsterdam. Van Gogh museum. Neither in the Palazzo degli Uffizi della bella Firenze. Of course.
Though?
A few neat hand drawings (no, not computer generated) of him, Poet, paleontologist and also mining engineer. His interesting sketches and notes on geology in general are conserved today at the archive in Weimar. Mr. Johann Wolfgang von Goethe.
Sure, sure, sure. Almost forgot him. Sorry, before quitting. The greatest genius all times. Even though he never painted or published on relativity theory, quantum mechanics and black holes.
He was not just a great painter.
He was also a brilliant geologist,
as the latest instalment of an interactive series on his drawings revealed. Rocks pile and gather and disintegrate in mountains, caves, strata and screes in his paintings. The two versions of his picture of The Virgin of the Rocks in the National Gallery’s exhibition of his art glory in two different imaginary caverns. Each with its own rich earthscape of stone perforated and sculpted by wind and water. But he did not only look at stonefrom a painter’s point of view. It was not a background feature in his eyes. It was a scientific problem.
As a geologist he anticipated the scientists of the 18th and 19th centuries who were to prove that the Earth is far older than it says in the book of Genesis. When scientific pioneers around 1800 recognised fossils for what they are, traces of ancient animal, and analysed the processes that create and erode rocks, they quickly reached a set of conclusions that led to Darwin’s theory of evolution and a crisis of Christianity. But amazingly, this self-taught researcher thought through a lot of their key discoveries. Hundreds of years earlier ?
Leonardo da Vinci
Further.
If you have seen other Liza subsurface discoveries in oil or acryl paintings ? Please let me know, a reference of the artist and/or a picture. Who knows yourself are a geo-artist as well ? Would like to see them. Many thanks in advance.
Geo-Art.
Enjoying the subsurface discoveries, also in art paintings on the wall.
7 Caracas Baai – Seroe Domi Fm.& Basement: Perla analog
8 Curacao Stratigraphic Column
9 Venezuela Onshore Analogs of Offshore Perla Field ?
10 Kinematic reconstruction of the Caribbean region since the Early Jurassic
11 Major Hydrocarbon Plays in the Caribbean and Northern South America
12 Basement of Aruba and Curacao
13 El último Romántico – Doble RR – Video & prcious son
14. Paraguaná – Geology – Datapack pdf.
15. Aruba, Well Bon Bini. Dry Hole ?
Introduction
The Perla giant gasfield in Venezuela, Paraguaná, contains 17 TCF of gas and condensate (OHIP > 2000 MBOE).
It is the largest offshore gas field in Latin America. A world-class supergiant discovery.
Perla-1X discovery well in 2009 encountered a 240 m (775 ft) hydrocarbon column. Production testing yielded high quality gas, with a capacity of 600,000 cu m/d (circa 3,700 boe/d) and 500 b/d of condensate.
Curacao and especially Aruba are located near to the giant Perla gas field and are an integral part of the Falcon-Bonaire Basin.
Analog of the Perla field reservoirs (carbonate platform with isolated islands) is the Seroe Domi Formationon Curaçao, Aruba and Bonaire. They are of the same Neogene (Oligo-Miocene) age.
The Seroe Domi Fm. carbonates are part of the same large carbonate platform and ramp geologic setting of the Perla reservoirs. This based on their paleogeographic position when they were formed, in Oligo-Miocene time within the Falcon-Bonaire basin.
Seroe Domi Fm. could also be present offshore, such as near and in the deep basin north of Curacao. Where it could be prospective for hydrocarbons. Similar to Perla Field.
Seroe Domi Fm. has abundant outcrops on Curaçao where it is up to 350 meters thick.
Seroe Domias seen from our room, at home. A real dushi Curaçao, sweeping Impressionism view. Own picture of my beau motif. Sè swa. Seroe Domi ? In fine arts impressionism painting? For myself ? Also a striking analog with Paul Cézanne’s beau motif, Mont Sainte-Victoire. So often painted from his house and art studio in France, Provence, Les Lauves. Even so located at the foothill of his beau motif. Inserted in the upper right hand corner of the photo collage.
2. Intermezzo. My two “ beau motifs “. Seroe Domi and Montagne Sainte-Victoire.
Seroe Domi itself is a small, lovely nostalgic hill located next to our parents house, kneeled at its foothills. A site where we were priviliged to grow up. Our extended garden and playground, where we indulged much time recreating, strolling and crawling. With my brothers, cousins, extended family, friends, the whole crew.
It exercises a commanding presence over the area around it.
A really awesome 360 degrees view of the Curacao landscape, when sitting on the top, with the trade winds graciously blowing through your sleek hairs and around your face.
The site of my first geological discovery trips, where I got infused by the ” geology & geo-mania ” exploration virus. Inescapably struck by all the interesting corals and fossils that I could admire while swimming in our stunning beaches and in the nice caves where we played. ” How the heck come that I can find the same corals of the beach up here on this hill. Who did this and how, I thought ?”
Our stage play as little bandits and outlaws, just as in Bonanza, the black & white classic western tv series en vogue. Discoverers or even autochthonous Arawak indians fighting and repelling the intruding malevolent Dutch pirates. While on our Seroe Domi.
Looking out from our boys room at home, such as now when visiting my dearest 100+ years mother, the Seroe Domistill is our lifetime best friend and twin companion.
Our hill therefore occupies a prime place in my memory lane. A role analogous to the Montagne Sainte-Victoire to Paul Cézanne in Provence, France. His preferred “ beau motif ” so often painted straight from his art studio and house. The famous French post-impressionism artist, of whom I became a big fan.
Seroe Domi “ Beau Motif “.
Miocene limestone Seroe Domi & Jurassic limestone Mont Sainte-Victoire. Both are both carbonate platform and impressionism beau motif analogs. United in my geo-mind ? Grown up in the geological and artistic setting of two famous analogs.
The geologic habitat of my parents home ?
Similar to the habitat of Perla giant field ? Also an analog?
Standing on basement (Curacao Lava Formation: Cretaceous volcanic rocks, diabaas or pillow lava basalts; see Annex 1). Invisibly (…only visible for geologists though…) followed by some 65 million years of geologic history. Not represented by any rocks, on this particular spot (eroded?). Unconformable overlain by our beloved Miocene Seroe Domi formation.
Where ?
This regional unconformity (Venezuela, Antilles etc.), juxtaposing the 2 formations, is located at 2 minutes walking from home. Situated exactly where the pole without the precious streetname, “Gouverneur van Lansbergenweg”, is located.
Please note that many poles with ” street names ” in my little paradise still suffer from severe dementia and/or Alzheimer. Sorry about that. Who knows the proceeds of a Perla-like discovery offshore Curacao could help to resolve this little problem. For this moment use your updated world Garmin Navigator.
Gouverneur van Landsbergweg – Location unconformity Cretaceous Diabaas Basement overlain by Neogene Carbonate Seroe Domi Formation: this is what the name plate in fact should indicate, for a geologist.
Further.
3. Perla reservoir carbonates
On a larger macro scale the basins that surround Curacao, Aruba and Bonaire in fact were part of the greater Falcon-Bonaire Basin.
Thicknes & Geographical Extension Perla Reservoir and Giant Carbonate Platform – D. Pinto, 2016, LinkedIn. –
Note the regional extension of very thick Perla Limestone reservoir rocks (up to 2400 ft/ 800 m. thick). They extend and thicken to the north and east. The Seroe Domi Fm. on Curaçao (Aruba, Bonaire) is part of the ” Main Carbonate Platform/Ramp with Paleohighs Setting ” of the Perla Giant Field reservoir rocks. Aruba is located in the NE corner of the map. Curaçao is located farther east.
Aruba has limestones equivalent to the Miocene shallow water Cauderalito member of Falcon Basin (central and western parts), Venezuela. This bioclastic limestone, up to 500 ft thick and deposited unconformable on the basement, is the lowermost Miocene horizon of the Agua Clara formation
The upper Agua Clara member is the source rock that has generated the oil discovered in offshore La Vela Bay, Venezuela. It is a thick, dark grey shallow neritic shale with oil prone kerogen.
Another source rock exists in Falcon basin (northeast part), of the same age (“twin brother or sister”) as the upper Agua Clara member in Central Falcon. The Aguide shales and marls of the San Lorenzo formation (Lower Miocene, part of the Agua Salada Group). These are all impregnated with petroleum, even the shells of the foraminifera.
In Perla gas field geochemical analysis show that most of the gas was of thermogenic and probably sourced by Early Tertiary rocks from the west flanking deep Urumaco trough and its petroleum kitchen.
La Vela Bay is an offshore extension of the Falcon Basin. La Vela Bay is separated by a main fault from Paraguana positive area, that was source of clastic sediments. An exploration program of 13 wells, started in 1966 resulted in 5 discoveries. Three oil producers (nr. 2,5,13), one gas producer (nr. 12) and one oil and gas producer from two different zones (nr. 4).
Falcon onshore has a proven petroleum habitat with a lot of producing oil wells and oil seeps (such as Mene de Acosta).
In La Vela Bay the Miocene lies unconformable (regional Caribbean platform unconformity) on Cretaceous basement (phyllite and gneis) or on continental red beds of suspected Oligocene age (E.Vasquez, WPC-16217,1975). Analogous to Curacao.
Perla look-alike leads, prospects and fields could be present in offshore basin(s) surrounding Curaçao, Aruba and Bonaire. These cover some 3000 km2. It is an extensional basin with a sea depth of max. 6560 ft, where a very thick pile of some 23,000 ft. of Tertiary sediments was deposited.
4. Korsou Whishful Thinking
They are patiently waiting, since Curaçao was discovered by Alonso de Ojeda in 1498, specifically for catalysts? The leads, prospects and possible giant fields? Such as for interested foreign oil firms with clever, smart and creative explorationists that dare to imagine, entrepreneurs and bold investors. To be unveiled, exploited and capitalised.
Curaçaopolicy makers and organisations responsible for promoting and executing petroleum exploration activities unfortunately have a decades standing proven blindness, deafness, paralysis and inertia for this most important subject. In a “deep sleeping and relax” mode, as the sleeping beauty in the fairy tale of Grimm.
So far, even though secretive and not transparent, they have convincingly demonstrated to completely lack the required knowledge, vision, awareness, sensibility, stamina and passion. To pro-actively incorporate exploration for these precious and most valuable offshore natural resources supplied by Mother Nature. As an integral part of their sacred country mission, strategy and realistic short term government plans.
This to generate substantial, sustained and strategic value with high additional state income raising the quality and living standard for all.
Such as to eradicate the still so large group of poor people and impoverished areas that abound all around on my little native paradise in the pristine, emerald blue caribbean sea.
Imagine how tremendously positive the impact of a 17 TCF (17 trillion cubic feet) Perla-like discovery could be for the 150,000 Curaçao inhabitants ?
The best well flowed 68 million scf/d of gas and 1,350 bpd of condensates.
Daily production of 34 million m3/d (1,200 MMcf/d) of gas, as in Perla.
Would represent 22 million US$/day, thus 8 billion US$/year of petroleum generated gross revenue.
Some 3X present GDP !
As reference, present day gasprice for households in the Netherlands is 0.65 € per cubic meter. Bro & sisa, what a could-be hugh cake and present, from dear Mother Nature. Sè swa.
Curaçao GDP (PPP) is $ 3.1 billion @ 2012 (est.), World Rank 188 (CIA Factbook, Feb. 2018). Industry sector contributes with a very meager 15,5 % to GDP.
” And the vision in my mind. Still remains. Within the Sounds of Silence “.
” Petroleum is always first found in the mind, educated guess and imagination of a creative and bold petroleum geologist ”
It is sometimes more so a colourful (caribbean carnavalesque, grotesque and burlesque though; utterly disgusting for an explorationist) issue during election time. For populists trying to gain votes.
When one could admire 2 political candidates on tv. One most joyously and enthousiastically waving with unidentified petroleum-related maps (?). To vaguely and misteriously ” discuss ” on petroleum potential items ?
Yeahhh…
Mainly to quarrel about a petroleum potential ” study ” made, but never read or properly understood. That surprisingly was lost and findless in all the archives of all those involved in the heated discussions.
By the way, it is is just a click away, each and anyone can freely see and access it on internet (attached below – Video dr. P. Mann). Sè swa.
These natural petroleum resources can catapult a country into a very prosperous oil boom. Multiplying it’s GDP, substantially elevating and ameliorating poverty, raising the standard and quality of life in the country.
Guyana, presently with the recent offshore discoveries of the giant fields that contain some 4 billion barrels reserves of light, excellent quality petroleum. Propelling an unprecedented black gold rush with sustained prosperity and substantial income. Amounting to over 10 billion US$, already from 2020 on with unrivalled Guyana Basin production of 100,000 – 200,000 barrels offshore. Mind you, this is just the beginning of their petroleum love story.
Suriname soon to follow with offshore discoveries in the same prolific Guiana-Suriname petroleum basin.
Ghana since a decade with prolific petroleum production and income from the Jubilee giant oil field discovery.
Annual 2017 GDP growth rate of 17% in the Industry sector. The Mining & Petroleum sub-sector with a growth rate of 47%. Ghana is receiving some 1 billion US$ petroleum revenue per year.
Aruba is on the right track for petroleum exploration and production. With a clear vision, mission, dedication and tenacity since 4 decades. Fortunately.
Spud date is 11th June 2018. The well of Repsol & Partners, offshore Aruba. Repsol contracted Seadrill drillship West Capelia for one exploration well term. A 6th generation ultra-deep drillship of Samsung design, built by Samsung Heavy Industries in 2008.
Arubawill find their own Perla Arubiano giant gas field, hopefully. They fully deserve it after chasing it for so long. Fingers crossed, lots of success and petroleum generated prosperity.
My Dushi Curaçao ???
Poised to realise at some point in time (…if ever) that they have completely missed both train and boat. Failing to capitalise and monetise these possible natural treasures in its subsurface.
Realising in retrospect that there were most valuable and accessible resources in their subsurface available. Forever stranded. Worth many, many, double digits billions of US$.
Afterwards.
When the transforming world has fully reached the now fast developing Paris Accord 2015 stage and objective that aims mainly the use of other types of clean energy.
Bonaire vs. Falcon-Bonaire Basin petroleum exploration ?
Same story. Never occurred yet to any policymaker or influencer on Bonaire. To promote chasing petroleum natural resources. As a means to drastically raise the living standard. As far as I can track.
Most fortunately !
” Wat niet weet, wat niet deert “
” It is innocence when it charms us. Ignorance when it does not “.
Ajo, bye bye.
Amen & A breathtaking Italian Carrara Marble Cross & R.I.P. Exploration.
To be included in the history books, forever.
” Curacao and The Risk of Doing Nothing
I’m forever blowing bubbles,
Pretty bubbles in the air,
They fly so high, nearly reach the sky,
Then like my dreams they fade and die
John Kellette, Jaan Kenbrovin 1918 “
Please turn this void page to the next exciting chapter.
“But the vision in my mind. Still remains.
Within the Sound of Silence”.
” All-in-1 Consultant, Available-to-Serve-You.
For grounded, vintage stewardship to successfully find lots of oil, mineral resources, develop your business and get sustained value for money ?
See <Contact & Contract Me>
marcelchinalien@gmail.com “.
5. Island in the sun
6. Cerro Mansinga – Seroe Domi Fm.& Basement. Perla analog
Seroe Domi Fm. – Cerro Mansinga 1 – My own picture.Seroe Domi Fm. – Cerro Mansinga 2 – Re. B.W. Fouke, 2007. Geological crossection of the picture.- Note the striking analogy with Perla field habitat: Seroe Domi Fm. carbonates unconformable on a Basement High.
7. Caracas BaAi- Seroe Domi Fm.& Basement. Perla analog
Seroe Domi Fm. unconformable on Basement (some 60 million years difference between both)-My own picture. Note the striking analog with the habitat of Perla giant field and of Paraguana exploration wells in La Vela Bay – Offshore, near Paraguana Peninsula the Miocene is underlain by Cretaceous basement composed of phyllite and gneis.Or by continental red beds of Oligocene age. Thirteen exploration wells have been drilled in the western portion of La Vela Bay (beginning in 1966). Five were discoveries, 3 oil producers (Nr. 2,5,13), one gas producer (Nr. 12), one oil and gas producer from 2 separate zones (Nr.4). The dominant structural feature was a large NW-SE trending nose which is perpendicular to the Falcon structures onshore, suggesting presence of a major E-W trending fault system near shore. One of the main faults separates the La Vela Bay from the Paraguana positive area which appears to be the source of clastic sediments (E. Vasquez, WPC-16217, 1975).
Note the striking analog with the habitat of Perla giant field and of Paraguana exploration wells in La Vela Bay – Offshore, near Paraguana Peninsula the Miocene is underlain by Cretaceous basement composed of phyllite and gneis.Or by continental red beds of Oligocene age. Thirteen exploration wells have been drilled in the western portion of La Vela Bay (beginning in 1966). Five were discoveries, 3 oil producers (Nr. 2,5,13), one gas producer (Nr. 12), one oil and gas producer from 2 separate zones (Nr.4). The dominant structural feature was a large NW-SE trending nose which is perpendicular to the Falcon structures onshore, suggesting presence of a major E-W trending fault system near shore. One of the main faults separates the La Vela Bay from the Paraguana positive area which appears to be the source of clastic sediments (E. Vasquez, WPC-16217, 1975).
Perla Field – Miocene carbonates on Basement – Re. D. Pinto, 2016, LinkedIn – Note striking identical analogy with Curaçao situation: Seroe Domi Fm. unconformable on Basement high. My parents house, where we grew up, has exactly the same geological habitat. Build and standing on (Creataceous) Basement. With the Miocene carbonates of Seroe Domi (& Formation) where we played as kids, lying unconformable on Basement. A ” housemade ” analog of Perla giant gas field, offshore Paraguaná, Venezuela.
8. Curacao Stratigraphic Column
Stratigraphic Column Curaçao. Note the position and ages of the Basement (Curacao Lava Formation, CLF) and the Seroe Domi Fm. and Early Miocene clays & marls from SE Aruba. And their analogy/similarity with Perla geological habitat.
9.Venezuela Onshore Analogs of Offshore Perla Field ?
San Luis and Churuguara carbonates are potential analogs of Perla Field, in the Gulf of Venezuela. Both are Oligo-Miocene outcrops from the northern and southern Falcon Basin. Perla carbonates constituted a carbonate ramp, dominated by rhodolithic coralline algae and larger foraminifera. The Churuguara outcrop may represent a partial analog of the non-reservoir distal ramp of Perla.
Re.: E. Albert-Villanueva et al., AAPG, Spain, 2016
10. Kinematic reconstruction of the Caribbean region since the Early Jurassic
Please watch and follow how Curacao develops through geologic time. Especially the development of the Falcon-Bonaire Basin.
Video Lydian Boschman.
11. Major Hydrocarbon Plays in the Caribbean and Northern South America –
Dr. Paul Mann, of University of Houston – Video
12. Basement of Aruba and Curacao
The house of my parents is built on Basement, known as diabaas on dushi Korsou.
The garden where we played as kids has an interesting geologic history.
It is located on a Basaltic Oceanic Plateau.
This is part of the Caribbean Large Igneous Province (CLIP) that represented a massive basaltic flooding on the Farallon Plate in the Pacific ocean 91-88 Ma ago. Extrusion occurred below sea level, in the Late Cretaceous. This magmatic event has been attributed to the plume-head stage of the Galapagos hotspot. Location was off the coast of present-day Colombia in todays’ Pacific (White, Tarney, Klaver, & Ruiz, 1996).
The Aruba-Curacao lava basement is a detached remnant part of this volcanic basalt flooding and is the origin the Aruba Lava Formation (ALF, 90 Ma; The Aruba batholith itself is 88.6 Ma.) and the Curacao Lava Formation (CLF, 88.6 Ma). Bonaire has no CLIP material, but has island arc rocks with 3 different ages of 94.6, 98 and 112 Ma.
The Leeward Antilles are located near the Caribbean-South American plate boundary.
Aruba and Curacao contain magmatic rocks that are geochemically very similar to the island arc rocks from the southern Aves ridge. They are fragments of the Great Arc of the Caribbean on the former leading edge of of the Caribbean plate. It has been in oblique collision with the northern margin of South America for most of the Cenozoic.
The Leeward Antilles area has therefore been shortened by inversion of normal faults and right-lateral strike-slip faulting. Related with the collision with the South American continent and subsequent segmentation in extensional basins by a phase of oblique normal faulting.
Also Aruba and Bonaire have undergone a clockwise rotation of 90 degrees with respect to the stable South America, since Late Cretaceous.
13 El último Romántico – Doble RR – Video & precious song.
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Simon Raven, Copywriter Travel & Tech | Co-Author Driving the Trans-Siberian