| Offshore | Corentyne Licence | Prospects | Eagle | ||||
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Eagle—Giant
Potential In 1974, Shell drilled the Abary#1 well, which is six miles (10 km) from Eagle. Abary #1, drilled to 13,091 ft (3990 m), encountered light 36° API oil in the mud system from a thin 23 ft (6 m) sand of similar age to our Eagle and Wishbone West targets. From our 1999 survey of Eagle, we observed positive AVO and amplitude anomalies on nine strike lines and two dip lines. The potential reservoir is lens-shaped, covering an area of 29,000 acres (117 sq km), reaching about 9 1/2 miles (15 km) from the nose of the lens to the base and about 5 1/2 miles (9 km) across. |
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| Resource - Gustavson Associates' independent report estimates the best estimate (P50) resource potential for CGX's Eagle propsects which include Eagle, Eagle Deep West and Eagle Deep East to be 2.3 billion barrels. | ||||
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NNE
DIP LINE CG 99-18 |
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| Eagle
is interpreted as an undip finger of a large turbidite sand formation—filled
with oil updip and water downdip—as the CG 99-18 diagram shows,
below. Our Eagle target is identified as a high-amplitude seismic
anomaly in the NNE-trending dip line. To the right (seaward) of the
dip line, there is a coincident termination of both the AVO anomaly
and amplitude, interpreted as the contact line between oil and water. • Amplitude and AVO anomalies terminate simultaneously at interpreted • Oil-water contact andat updip pinchout on paleo-shelf • Buoyancy considerations over 1,700 ft of structure suggest oil rather than gas • Eagle anomaly is over 15 km in length |
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Anomaly
Size |
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Eagle and Wishbone are compared in bulk volume to other turbidite reservoirs in the circum-Atlantic | |||||||||||||||||||||||||||||||||||||||||||||
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In an independent review by Gustavson Associates dated January 3, 2008 resources at Eagle were estimated at P90, 947 million barrels; at P50, 2.3 billion barrels and at P10, 5.2 billion barrels | |||||||||||||||||||||||||||||||||||||||||||||
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The apparent "tanks" at Eagle and Wishbone are large enough to hold giant resources—the major risk is quality of the reservoir rock, which can only be determined by drilling | |||||||||||||||||||||||||||||||||||||||||||||
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| Geological Risk | ||||||||||||||||||||||||||||||||||||||||||||||
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We estimate the geological risk to be 24% for encountering commercial hydrocarbons, 18% for a commercial oil discovery | |||||||||||||||||||||||||||||||||||||||||||||
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In an independent report prepared by Gustavson Associates LLC, dated January 3, 2008, geological risk was estimated at X% for commercial hydrocarbon and X% for a commercial oil discovery | |||||||||||||||||||||||||||||||||||||||||||||
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Like the burgeoning natural gas and petrochemical industry in Trinidad, it's reasonable to assume a significant gas discovery in the Guyana-Suriname Basin could lead to development of a similar gas infrastructure and industry in Guyana | |||||||||||||||||||||||||||||||||||||||||||||
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