TotalEnergies (with 50% partner APA Corp) announced in late February 2022 that their Block 58 well, Krabdagu-1, is a discovery, encountering ~90m net oil and gas pay.
From the iconic ruins of Machu Picchu to the ancient capital of Cuzco, the Inca’s intimate relationship with some of South America’s most spectacular geology is brilliantly displayed in modern-day Peru.
The region of South America and the Caribbean has had a mixed bag of results in oil and gas in the last 12 months or so. We have seen more world class oil discoveries being made, play openers, a return of bid rounds, and slow progress with deal flow.
South America and the Caribbean is currently seeing less licensing activity, at least partially because of the impact of the Covid-19 pandemic on frontier exploration, which has prompted international oil companies to focus on ILX and advantaged oil.
In this short editorial, GEO ExPro Editor in Chief Iain Brown talks briefly on the energy situation in South America and introduces the latest edition of the magazine (Vol. 19, No. 1).
Neil Hodgson, Karyna Rodriguez, Dennys Uyen, Searcher; Julia Davies and Lauren Found, Discover Geoscience
The heroic story of Peru’s first oil discovery east of the Andes and the passion and determination of the entrepreneurs who made this happen has been brilliantly captured by Simon Lunn in his book Agua Caliente published by Amazon.
ExxonMobil lead the way in pre-salt exploration offshore Brazil on the boundary of the Campos and Santos Basins, with recent reports suggesting an oil discovery in the Opal prospect.
Will Suriname's Demerara Plateau be an exploration hotspot for the coming years? In this article we dive deeper into the region's geological setting and hydrocarbon potential.
Yannick Cobo, Rodrigo Felicio, Carlos Calderon and Paul Farmer; ION
One way to decrease the cost and time of seismic data acquisition is to design sparser surveys by decimating the number of shots and receivers used. The tradeoffs associated with such decimations are investigated further here, using ocean-bottom node (OBN) data from a complex geological setting in a pre-salt play of the Santos Basin, offshore Brazil.
Mexico’s Tampico-Misantla Basin is potentially one of the richest unconventional oil and gas resources in the world. The development of these resources could significantly increase Mexico’s daily production of oil and gas, and bring in enough income to rejuvenate the national oil company, PEMEX, and help get the economy back on its feet.
ExxonMobil and partners Hess and CNOOC made another oil discovery offshore Guyana; encountering 36.7m of oil in Cretaceous sandstones in the Uaru-2 wildcat well on the prolific Stabroek Block.
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