Atlantic Margin Exploration Landscape
Discoveries De-Risk the Guyana Basin
Stabroek Block
.
•
Liza discovered in May 2015.
cgx
energy inc
Over 8 billion barrels of recoverable oil equivalent has been found to date with billions of barrels of undrilled potential.
Eighteen major oil discoveries to date.
•
Multiple play types: Cretaceous and Tertiary sands as well as carbonates.
•
Discoveries adjacent to the Northern Region of the Corentyne Block of Pluma and Haimara found 37 meters and 63 meters of high-
quality hydrocarbon-bearing sandstone reservoir, respectively.
Block 58 Suriname
•
•
•
In an area immediately adjacent to Northern Region of the Corentyne Block, three discoveries were made analogous to prospects
identified by CGX on the Northern Region of the Block.
In January 2020, a significant oil discovery in the Maka Central well was announced offshore Suriname approximately 7 miles from
the Corentyne Block.
In April 2020, the Sapakara-West well was announced to have at least 79 meters of net oil and gas condensate pay in two intervals. It
is approximately 20 miles from the Northern Region of the Corentyne Block.
In August 2020, it was announced that the Kwaskwasi well had 278 meters of net oil and volatile oil / gas condensate pay.
approximately 15 miles from the Northern Region of the Corentyne Block.
is
Kanuku Block
In January 2020, the Carapa-1 exploration well found 4 meters of oil pay.
•
Discovery of oil adjacent to the Demerara Block has de-risked the hydrocarbon migration risk.
Orinduik Block
•
In late 2019, the Jethro and Joe wells discovered oil in Tertiary reservoirs.
The wells contained heavy oil with high Sulphur content.
www.cgxenergy.com
6View entire presentation