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Basin Potential

The United States Geological Survey (USGS) ranks the Guyana Suriname Basin 2nd in the world for prospectivity among the world’s unexplored basins and 12th for oil among all the world’s basins – explored and unexplored.  The mean (P50) undiscovered resource potential is estimated at 15.2 billion bbls.

  • 117 fields >1 million bbls of recoverable oil
  • 24 fields with >100 million bbls of recoverable oil (elephants)
  • 6 fields have >500 million bbls of recoverable oil (giants)
  • 83% of the resource in offshore Lower Tertiary to Cretaceous turbidite fans—the #1 play type in circum-Atlantic basins such as offshore Brazil and West Africa
  • Ranks 27th for gas in the world with undiscovered resource potential of 42 trillion cubic ft in 30 fields
  • Ranks 15th in the world for undiscovered oil and gas potential

Mean Undiscovered Oil
Rank Country bbls
Source: USGS World Petroleum Assessment 2000
1 Saudi Arabia 87.1
2 USA 83.0
3 Russia 77.4
4 Iran 53.1
5 Greenland 47.1
6 Brazil 46.7
7 Iraq 45.1
8 Nigeria 37.6
9 Kazakhstan 21.1
10 Mexico 20.6
11 Venezuela 19.7
12 Guyana-Suriname 15.2
13 Angola 14.5
22 UK 6.3
35 Canada 2.8

News

Nov 13, 2014

CGX Energy announces Kabukalli-1 Explora...

Nov 03, 2014

CGX Energy Files Third Quarter Financial...

Presentations

Nov 24, 2014

Corporate Presentation - November 2014

Jun 25, 2014

2013 Annual General Meeting

CGX at a Glance