Cuba Gulf of Mexico Oil Exploration Opportunity
Boca de
Canasi-
Pacuranao Jaruco
Yumuri-
P. Escondidoporuce
Varadero
•
Cuba Block 9 - An Overview
Multi-billion barrel conventional oil potential
Significant onshore footprint - 2,380km²
•
Lightly explored
•
Northern fold belt, along trend from
Varadero oil field (>11 billion barrels oil-in-
place)
Natural oil seeps and has several small
discoveries
19 individual leads/prospects identified
La Habana
(Havana)
Cuba
Cardena
Matanzas
Majaguillar
San Anton
Angelina Mart
Structural Trends
Motembo
Block 9
50
kilometers
•
Potential for Varadero type structures
•
25 year PSC term (awarded in 2015)
Block 9 Exploration Potential
•
8.5 year exploration period
•
•
59
Low Best High Mean
MMstb MMstb MMstb | MMstb
1,181 12,746 44,151 18,518
637 2,208 926
•
Targeting drilling two wells in 2H 2018
Preparations for drilling proceeding
according to schedule.
Farmout process commenced, physical
dataroom open
Oil-in-Place (unrisked, 100%)
Prospective Resources
(recoverable, unrisked, 100%)
Prospective Resources Cautionary Statement - The estimated quantities of
petroleum that may potentially be recovered by the application of a future
development project(s) relate to undiscovered accumulations. These estimates
have both an associated risk of discovery and a risk of development. Future
exploration appraisal and evaluation is required to determine the existence of a
significant quantity of potentially moveable hydrocarbons.
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