Cuba Block 9 – Exploration Resource Potential slide image

Cuba Block 9 – Exploration Resource Potential

Cuba Block 9 – Exploration Resource Potential Multi-billion barrel oil in place exploration potential identified Lower Sheet Play • • Exploration potential for over 12 billion barrels of oil-in-place with Prospective Resources of ~600 million barrels (unrisked Best Estimate, 100% basis)* 18 individual leads identified in conventional "Lower Sheet Play" Depths between 2,000 and 3,500 metres High potential Alameda prospect identified close to historical oil recoveries Recoverable volumes conservatively estimated using the historical 5% recovery factor for nearby Cuban fields Potential for higher quality light crude oil suggested by historical oil recoveries Varadero Field is the largest oil field in Cuba with over 11 billion barrels of oil in place (10.5-14.3° API) Varadero Bolanos-1 (1991) recorded a recovery of 22° API oil from Upper Sheet 200 8. จ Cupey Majaguillar Cantel San Anton CA1 E Bolanos Quadal 1 YA2 Alamed Narti 5 G2 C1 G1 Cardenas Marti-5 (1988) recovered oil (24° API) from Lower Sheet et at unspecified rate Surface Geology Structural Trend Well-Oil shows Well-Strong oil shows Oil Field Oil and Gas Field Lower Sheet Play-Leads Motembo Havana Cuba Guadal-1 (1971) recorded recoveries of oil and gas from Upper Sheet B ---- Structural High Trends on Surface Geology --> Block 9 Motembo Field (1881) has intermittent production of light oil (50-64.5° API) 0 kilometers 50 *See Prospective Resources Cautionary Statement on page 16 15
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