Cuba Block 9 – Exploration Resource Potential slide image

Cuba Block 9 – Exploration Resource Potential

Brief Exploration History of Block 9 Lightly explored, natural oil seeps and several small oil discoveries Pre 1959: • Asphalt mined from surface deposits Motembo discovery - light oil, shallow, produced 5+ mmstb Numerous other shallow wells, many with oil shows/recoveries 1959-1991: • • Some early seismic acquisition Number of wells drilled with oil recoveries (some located pre- seismic) 1991-2006: • • First international PSC for Block 9 Shallow drilling, but results in two producing discoveries (now excised from Block 9) Varadero Field is the largest oil field in Cuba with over 11 billion barrels of oil in place (10.5-14.3 API) Varadero Majaguillar & San Anton producing fields discovered in Block 9 Cantel Majaguillar San Anton Cardenas IIW Loma Triana Bolanos-1 (1991) recorded a recovery of 22 API oil. →Guadal 1 Rio La Palma -Marti 5 Bolanos 1 Marti-5 (1988) flowed light oil (24 API) at unspecified rate Marti 2 San Felipe Santa Gertrudis ▲ Angelita A Surface Geology Structural Trend Oil Seep Natural Tar Pit Well-Oil shows Well - Strong oil shows Oil Field Oil and Gas Field Block 9 Motembo Field (1881) has intermittent production of light oil (50-64.5 API) Havana Cuba Guadal-1 (1971) recorded recoveries of oil and gas ----- ace Geology Trends on Structural High -- 50 kilometers 33 13
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