17. Guyana Giant Offshore Petroleum Potential

Guyana Basin - Offshore - MCAL
Guyana Basin - Offshore - MCAL
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Guyana Basin – Offshore – MCAL

17. Guyana Giant Offshore Petroleum Potential – V.200618

http://news.exxonmobil.com/press-release/exxonmobil-announces-eighth-discovery-offshore-guyana

@ 20th June 2018 # Breaking News Oil Discoveries

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Guyana Discoveries & Prospects – MapStand Ltd. 2008

Contents:

1. Comments – Birth Announcement of a Massive Oil Region: on behalf of ” Guyana Basin ” – by Marcel Chin-A-Lien

2. “To Whom it May Concern” – Marcel Chin-A-Lien.

3. Suriname sluit produktiedelings contracten af met ExxonMobil en Statoil, Blokken 59 en 60.

4. ExxonMobil, with Statoil has now also moved into prospecting the Suriname area.

5. Map Suriname Offshore and Onshore Blocks

6. Map Inferred Jurassic Source Rock

7. Map Canje Formation Source Rock (Time equivalent / ” Cousins” of Cenomanian La Luna, Querecual, Naparima Hill Formations)

8. Is Guyana Giving Birth To A New Massive Oil Region? July 31, 2017

9. Guyana Basin, basin floor fans (Liza, Payara)

10. Discovery number 8 – Longtail 1 well

11. Discovery number 9 – On waiting list of 2018: Hammerhead @ 30 aug. 2018 Discovery.

Discovery number 10 – Waiting list 4Q 2018.

Discovery Pontonoe-1 in Suriname @ october 2018?

12. Eco – Orinduik Reserves – sept. 2018

1) Comments Marcel Chin-A-Lien:

In december 2009 I presented ” New Outlook for the Suriname NW Offshore ” in a congress in Trinidad. With the variety of leads, prospects, play types in tandem with the newly designed license areas (Energy Caribbean 2009 Conference, Trinidad, 7-8 December 2009).
This as a sound, comprehensive scientific subsurface and business playground basis. To promote the high prospectivity of offshore Suriname. As part of the strategy and continuous effort of Staatsolie since long ago.

I had the great privilige to serve Staatsolie for an extended period. Herewith also obtaining the opportunity to contribute to Suriname. Where the roots and history of my grandparents, parents, family and therefore also mine are located.

The presentation was based on my own grounded re-interpretation, re-evaluation and integration of all previous subsurface reports and information of the multinationals. Resulting in a whole both new and positive outlook on the petroleum potential of NW offshore.
Novel and repetitive high impact leads, traps, prospects, play types and mini basins were unveiled, mapped and highlighted.
The presentation and its content, at the 2009 Caribbean Oil Conference in Trinidad, fortunately was rated by the attendees as excellent (up to brilliant).

Soon following IOC’s, such as Tullow showed tangible interest in urgently obtaining certain areas presented. Especially after I promoted and discussed the prospects on my workstation with their exploration manager. These were negotiated and diligently signed with PSC’s. In-house Staatsolie, previous to the negotiations we had already analysed, determined and fenced the level playing landscape with the boundaries for the PSC clauses and work program we wished to obtain. This within others based on the size of the prospects and an accompanying valuation and cash flow modelling of the expected petroleum volumes of the prospects.

The present day licensed area covers also the north-eastern part. The Demerara High (some 40,000 km2), since long forgotten and mainly neglected because of 4 dry holes. Such as well Demerara A2-1 drilled 39 years ago, in 1978.

Following my interpretation of the petroleum potential of this area with the 2D available, I created awareness, promoted and presented it in Staatsolie to the BOED. In an effort to obtain budget for a modern 2D survey. Following I designed the specifics for the acquisition area, program and for the processing sequence. This was later acquired and executed.

It is now an authentic joy to see that the whole area, promoted since 8 years ago in Trinidad, is now under license covered by 12 IOC’s and covering more than half of the offshore area of 180,000 square km.

This thanks to the diligent, intelligent, continual updating, upgrading and pro-active promotion of offshore, by the very competitive group of professionals and specialists in Staatsolie.

A real big achievement. Congrats. Fersteri !

Based on the unique petroleum system(s) in this basin, I can only be convinced that the Guyana Basin is an awakening oil giant.
Clearly evidenced by the recent giant elephant discoveries of ExxonMobil in nearby Guyana.

” Birth Announcement ” of a Massive Oil Region: on behalf of ” Guyana Basin “.

In 1965 Guyana Basin proudly announced the birth of its first giant field in onshore Suriname:

Name: Tambaredjo.

Weight: Billion barrel oil field

Parents: Geological and Mining Service (ir. Hugo Coleridge). And Miocene sands at a depth of 150 – 180 metres.

Place: Tambaredjo, Calcutta, Saramacca district, Suriname.

Time: 13 October, 1965.

Details:

Discovered by accident while prospecting for water (….very sorry about that big mistake….).

Carrying out a water-drilling project to supply water to a nearby school and village (….our sincere excuses…but…unfortunately we found a giant oilfield….instead of the clean and abundant water we promised you all….).

Birth of its second and third giant fields was announced by the arrival of Guyanese twin-sisters Liza and Payara. In 2015 and 2017.

The continuing story of the whole Guiana-Suriname basin will certainly  involve many more giant discoveries in the near future.

Brothers, sisters, cousins and nephews of Mr. Tambaredjo, Mrs. Liza and Mrs. Payara.

Such as also in switi Sranankondre.

Guyana Basin, since 1965 slowly awakening, since 2015 accelerating and entering a new, prosperous and exiting booming petroleum cycle.

The big petroleum show is poised to go on.

2) To Whom it May Concern

Sranankondre?

Srananman, ala mala pasensi, nog ff, next december ?

Bigi pokoe en kaseko op Vrijheidsplein, wowww !

Waarde neef Errol, fa waka?

Begin s.v.p. alvast een mooi olie ontdekkingsliedje te componeren. En reserveer ook een datum voor de primeur tijdens het optreden met je gezellige band. Thx in advance.

South South West!

Deel van mijn recente antwoord – email aan mijn zeer lieve oude tante in Switi Sranan: over olie:

Lieve tante,

Om uw vraag te beantwoorden.

Het grote oliefonds waar u het over heeft in uw email. Dat ik u indertijd in 2009 had voorspeld, de olie ?
Terwijl het gras groeit sterft het paard, schrijft u zo vrolijk ?

Die komt zoals eerder beloofd nu wel heel spoedig.
Misschien wel samen met Sint en Piet, dit jaar nog dus, hopelijk:
Maar alles eerst keurig op een rijtje.
Eerst de grote olie Vondst.
Daarna het grote olie Fonds (….oliefonds, waar u het over heeft).
All-In, All-2-You, dus met al het goede en ook de verhoogde AOW, die erbij hoort.
Voor ala Sranansma na switi Sranankondre.

Ik ben slechts een hele simpele exploratie petroleum geoloog.
Die voortdurend snuffelt naar olie, al 40 jaar lang, op 4 continenten.
Dus wat ik zeg, schrijf en beweer is niet zomaar uit de lucht gegrepen.
Niet gegrepen uit de hedendaagse iCloud.
Maar gelukkig gebaseerd op grondige bestudering en op feiten.

Die reuze olie vondst in Sranankondre is zeer zeker op komst.
Nog ff pasensi tante.

Ik hoop dat in december ala Sranansma bigi pokoe en kaseko kunnen gaan dansen.

Ala sma. Zelfs die met bigifutu.
De bigisma, de bigiman’s, de bigitaki’s, de bigifisi’s, de bigifasi’s, de bigimemre’s, de bigidoin’s, de bigidagu’s, de bigi-ai’s, de bigi taki’s.

Gezamenlijk en gebroederlijk met de bigi-popokaisneki, bigitodo, bigi-watradagu, op bigibigi dei.

Op het Vrijheids plein. Voormalig Gouverneurs plein.
En tevens op Bigiwowoyo.
Bigiyari, srefsrefi.
Bigiyari.

Lieve tante,
Zet uw kotomisi maar alvast klaar.
Voor de bigi konfriyari, fesadei en opo opo fesa.
Om de olie ontdekking te vieren.Suriname.

Oli.

Made in Sranankondre, by Canje Formation.

Overigens, Guyana ? Poti sma ??

Zoals men aldaar pleegde te zeggen over de naaste buren ??
Fos’fosi, fosten. Voor 2015.

Tachtig (80) miljard US$ gross is Guyana’s recente reuze olie vondst waard.
Tachtig maal het jaar budget waar de Surinaamse regering en haar ministeries over beschikken voor switi Sranan, per jaar.

Guyana? Poti sma ?
Fos’fosi, fosten. Voor 2015.

Suriname?
Binnenkort, nog ff pasensi tangitangi.

Poti sma nanga poti Kondre??
Fos’fosi, fosten.
Voor 2018.

Tan bun ala famiri, God Bless You All.
Brief van MCAL aan zijn lieve, oude tante C.”

Suriname - Made - Canje Fm Olie - MCAL
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Suriname – Made – Canje Fm Olie – MCAL

3) Staatsolie sluit produktiedelings contracten af met ExxonMobil en Statoil, Blokken 59 en 60.

From:http://www.worldnieuws.com/category/dagblad-suriname/ – 13 juli 2017

Staatsolie Maatschappij Suriname N.V. heeft op 13 juli 2017 productiedelingscontracten afgesloten voor twee offshore-blokken. Voor Blok 59 is een overeenkomst getekend met een consortium bestaande uit de oliemaatschappijen ExxonMobil, Hess Corporation en Statoil. Met Statoil is een contract getekend voor Blok 60.

De overeenkomsten zijn het resultaat van Staatsolies ‘Open Door Policy Offshore Suriname’, die liep van 15 september 2015 tot en met 7 september 2016. Gedurende deze periode konden internationale oliebedrijven een bod te doen op open offshore-blokken. Op basis van de vastgestelde criteria zijn de blokken 59 en 60 toegewezen aan respectievelijk het consortium en Statoil. De onderhandelingen met partijen zijn medio oktober 2016 gestart.

De overeenkomsten gelden voor dertig jaar. De contractduur is opgedeeld in een exploratie-, ontwikkelings- en productieperiode. Voor de exploratieperiode is er een minimumwerkprogramma overeengekomen, waarbij onder meer geologisch onderzoek, seismische datavergaring en exploratieboringen zullen worden verricht. Alle kosten in de exploratiefase zijn voor rekening van het consortium respectievelijk Statoil en worden pas terugbetaald nadat zij een commerciële ontdekking doen en die ook in productie brengen. Het contract biedt Staatsolie de mogelijkheid om tot maximaal tien procent te participeren in de ontwikkelings- en productiefasen.

In de productiedelingscontracten is nadrukkelijk aandacht besteed aan inspectie, veiligheid en het milieu. Eveneens zijn er voorzieningen opgenomen voor werkgelegenheid voor lokaal kader, trainingen, sociale programma’s en de wijze waarop de ontmanteling van faciliteiten aan het einde van de petroleumactiviteiten zal plaatsvinden.

Foto: Namens Staatsolie ondertekende Managing Director Rudolf Elias beide contracten. Voor het consortium tekenden Erik Oswald (ExxonMobil), Timothy Chisholm (Hess) en Martijn Smit (Statoil). De overeenkomst voor Blok 60 werd ook door Smit namens Statoil getekend.

Blok 59 is ongeveer 11.500 km2 groot en ligt ongeveer 400 kilometer uit de kust, in waterdieptes van meer dan 1900 meter (ultradiep). Blok 60, met een oppervlak van 6.200 km2, ligt ongeveer 250 kilometer uit de kust, in waterdieptes van 800 tot 1900 meter.

Het Amerikaanse ExxonMobil is het grootste beursgenoteerde olie- en gasbedrijf in de wereld met activiteiten in verschillende delen van de wereld. ExxonMobil heeft samen met haar partners recente, grote olievondsten in Guyana gedaan. Hess Corporation is een groot, onafhankelijk energiebedrijf actief in verschillende landen. Hess heeft samen met haar partners in Guyana de grote olievondst Liza-1 gedaan. In Suriname heeft Hess reeds een belang van 33,3 procent in Blok 42.
Statoil is het staatsoliebedrijf van Noorwegen dat is uitgegroeid tot een multinational actief in exploratie, productie, raffinage en verscheping van olie en gas. Statoil heeft sedert januari 2014
reeds een belang van 50 procent in Blok 54.

4) ExxonMobil, with Statoil has now also moved into prospecting the Suriname area.

An ExxonMobil Corp.-led group and Statoil ASA have been chosen to respectively operate two blocks offshore Suriname.

ExxonMobil Exploration & Production Suriname BV, along with partners Statoil and Hess Corp., have signed a production-sharing contract with Suriname’s state-owned Staatsolie Maatschappij Suriname NV for the 11,500-sq-km deepwater Block 59. ExxonMobil will serve as operator.

Block 59 is 305 km offshore Paramaribo in 2,000-3,600 m of water. It shares a maritime border with Guyana, where ExxonMobil is operator of three offshore blocks, including the one that holds Liza field, where the firm last month made a final investment decision on the first phase of development (OGJ Online, June 16, 2017).

Block 59 also is next to Suriname’s Block 42, where Hess, a Liza partner with ExxonMobil, already has 33.3% interest and Kosmos Energy Ltd. is operator.

Block 59 partners are preparing to begin exploration activities, including acquisition and analysis of seismic data. ExxonMobil, Hess, and Statoil each hold a third of the block’s interest.

Statoil separately signed a PSC with Staatsolie for the 6,200-sq-km Block 60. It lies 250 km offshore in 800-1,900 m of water and is next to Suriname’s Block 54, where Statoil already has 50% interest and Tullow Oil PLC is operator. Block 54 is the site of the Araku prospect on which drilling is planned for this year’s second half. The prospect is a large structural trap that has an estimated resource potential of 500 million bbl of oil.

The agreements for Blocks 59 and 60 are part of Staatsolie’s “Open Door Policy Offshore Suriname,” which took place from September 2015 to September 2016 and allowed bidding from international oil companies. The agreements are effective 30 years.

As part of the contracts, the firms during the exploration phase will pay all costs, which only will be reimbursed if a commercial discovery is made and brought into production. Staatsolie has the option to participate for up to 10% in the development and production phases.

Note: All my inserted figures and maps are taken from published open files on Internet, such as from Staatsolie.

5) Map Suriname Offshore and Onshore Blocks

Suriname - ExxonMobil block - MCAL
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Suriname – ExxonMobil block – MCAL

Tullow - oct. 2018
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Tullow – oct. 2018

6) Map Inferred Jurassic Source Rock

Map & info from Staatsolie internet publications.

Suriname - Inferred Jurassic SR. - MCAL
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Suriname – Inferred Jurassic SR. – MCAL

 

7) Map Canje Formation Source Rock (Time equivalent / Cousins of, La Luna, Querecual,       Naparima Hill Formations)

 Map & info from Staatsolie internet publications

Suriname - Canje Fm. - MCAL
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Suriname – Canje Fm. – MCAL

Article taken from:
Contact Matt Zborowski at matthewz@ogjonline.com.
http://www.ogj.com/articles/2017/07/exxonmobil-statoil-to-operate-blocks-59-60-off-suriname.html

8) Is Guyana Giving Birth To A New Massive Oil Region?

Ricardo Martinez Monday, July 31, 2017 – 12:30pm
Suriname, Guyana, ExxonMobil, Liza, offshore, oil and gas, Payara
With the success of ExxonMobil’s Liza discovery, Guyana and Suriname are on E&Ps’ radars again. (Source: Shutterstock.com) 3,726 330

Up until recently, Guyana and Suriname were practically out of the oil and gas industry’s radar in spite of their proximity to oil reserve-rich Venezuela. But that quickly changed in 2015 when ExxonMobil’s (NYSE: XOM) joint venture spotted massive reservoirs in its Guyana offshore acreage. Its Liza discovery made headlines beyond oil and gas media outlets.

On top of that, the American oil giant recently snagged a new deepwater block along with Hess Corp. (NYSE: HES) and Statoil (NYSE: STO) off Suriname’s coast, which is along a maritime border where Guyana blocks have already proven world class potential.

Combined, these recent developments are what some call the birth of a new oil region—the Guyana-Suriname Basin—with never before seen assets that could easily outpace other developments in the Caribbean, including economically sunk Venezuela.

On July 25, with partners Hess and CNOOC, ExxonMobil announced a new find at its Liza Field on top of the originally estimated 1.5 billion barrels of oil equivalent. Analysts have long expected the consortium’s exploration program at Liza to be highly successful, but this new well proves there are plenty of untouched riches available for other industry players in the future.

Around the corner from Guyana’s prolific Stabroek Block with 6.6 million acres—the country’s crown jewel—is Block 59, the Suriname gem with 2.8 million acres. The potential of Suriname’s blocks is still unknown, but the fact that operators are digging in as Liza pours oil out offers plenty hope.

 ” Inserted note Marcel Chin-A-Lien

   To who may be interested.

” Birth Announcement ”  of a Massive Oil Region: on behalf of ” Guyana Basin “.

In 1965 Guyana Basin proudly announced the birth of its first giant field: Tambaredjo giant field, onshore Suriname.

Parents: Geological and Mining Service. And Miocene sands at a depth of 150 – 180 metres.

Place and time: Tambaredjo, Calcutta, Saramacca district, Suriname. Year 1965.

Discovered by accident while prospecting for water (….very sorry about that big mistake….).

Carrying out a water-drilling project to supply water to a nearby school and village (….our sincere excuses…but…we found a giant field… instead of the clean and abundant water we promised you all….).

Subsequent birth of its second and third giant fields was represented by the Guyanese twin-sisters Liza and Payara. In 2015, 2017.

The continuing oil story will probably involve many more giant discoveries in the near future.

Brothers, sisters, cousins and nephews of Mr. Tambaredjo, Mrs. Liza and Mrs. Payara.

Such as in switi Sranankondre.

Guyana Basin, since 1965 slowly awakening, since 2015 accelerating and entering a new, prosperous and exiting booming petroleum cycle.

9) Guyana Basin, basin floor fans

Guyana - Berbice Canyon and Basin Plain - Gustavson Associates 2008 - Fig 4-9 - MCAL
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Guyana – Berbice Canyon and Basin Plain – Gustavson Associates 2008 – Fig 4-9 – MCAL

10) Discovery number 8: Longtail 1 well @ 20th June, 2018

http://news.exxonmobil.com/press-release/exxonmobil-announces-eighth-discovery-offshore-guyana

11) Discovery number 9: On the waiting list, soon, 2018.

12) Eco – Orinduik Reserves

Eco - Reserves - 9/2018
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Eco – Reserves – 9/2018

 

 

 

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