Demerara Block

October 2020
Demerara Area Wells Results Indicate Low Risk Exploration
The recent success in the area points towards
Stabroek low risk exploration in the Demerara Block
Liza
Complex Demerara Area Wells
Demerara • Offset wells to the Demerara Block encountered good
Joe Jethro quality sands in both the Tertiary and Cretaceous
• Orinduik Jethro and Joe wells and Stabroek
Orinduik Hammerhead Hammerhead are Tertiary reservoirs.

Kanuku
• Kanuku Carapa well is Cretaceous
25 miles
• Orinduik Discoveries of Jethro-1 and Joe-1 are heavy crudes
Carapa (10-15 API), with high Sulphur content.
• Demerara Block prospects are modeled to have oil
Well Results migrating from the Stabroek area source kitchen having low
• Orinduik Joe Sulphur light oils
• 14 meters of oil pay in high-quality oil bearing sandstone reservoirs
• Orinduik Jethro
• 55 meters of oil pay in high-quality oil bearing sandstone reservoirs
• Stabroek Hammerhead
• 60 meters of high-quality, oil-bearing sandstone reservoir.
• Plan of development ongoing
• Kanuku Carapa
• 4 meters of oil pay with API of 27 and Sulphur content of less than 1%

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Demerara Area: Low Sulphur Light Oils
Stabroek
Light Oil Source Kitchen for
Demerara Prospects
-Separate from Heavy Oil Area

Liza
Demerara Complex
Light Oils
Joe Jethro Yellowtail Tripletail
Heavy Oils Tilapia
Orinduik Longtail
25 miles
Hammerhead Turbot
Haimara Maka
25 km
Pluma Central
• Orinduik Tertiary Aged Discoveries of Carapa Light Oil & Kwaskwasi
Jethro-1 and Joe-1 are heavy crudes, Gas Condensates
with high Sulphur content.
Kanuku Sapakara
• Hydrocarbons migrating into the
West
Demerara block come from a distinct
Source Kitchen separate from the
Orinduik Heavy/High Sulphur oil
• Demerara Block prospects are
modeled to have oil migrating from
the Stabroek area source kitchen
having low Sulphur light oils

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Demerara: Low Sulphur Light Oil Migration Pathways
SW A F Prospect
NE A’
Stabroek
CGX
Demerara
Block

Cross- Section depicts low

Sulphur light oil migrating Liza
from the Stabroek Liza area
source kitchen directly into the Source
Demerara Block prospects Rock
A’

Canje
Formation
F
A

3D Time Data
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Joe Discovery on CGX Demerara 3D Depth Seismic Data
Estimated
Joe Well
A A’
Joe Discovery appears to Location
NW SE
extend onto the Demerara
Block based on seismic

Demerara
Orinduik
Demerara

Orinduik Joe
A’

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Demerara Block – 3D Seismic Interpretation
3D Seismic interpretation indicates multiple play types and robust prospectivity
• 3,100 km² of modern 3D seismic was acquired in 2014
• The seismic revealed a variety of play types as seen in the seismic section below
• The diverse prospect inventory provides for multiple independent prospects to be drilled increasing
the chance of finding hydrocarbons
Intersection
with Dip
Lead “E” Line
Potential Miocene Deepwater Fan Complex
Lead “D”
Progradding Onlap

Flattening Surface

Carbonate Platform/Buildups

Upper K/Jurassic Fluvial/Deltaic

Reservoir-prone seismic facies Fine-grained, sealing levee

facies

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Demerara Block – Prospects C, D, E & F Outlines

Demerara Block
Outline

3D Seismic Survey
Single Sand C
Main
Amplitude
Outline F
D
Single Sand Thrust
Main Block
Amplitude 7 Sands
Outline Combined E
Total Area
Outline
Canyon Fill N
5 Sands
Combined
Total Area
Outline

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Demerara Block – F Prospect
Demerara Block Outline
PROSPECT NAME: Demerara F
WATER DEPTH: 1,719 feet (524m)
3D Seismic Survey
OBJECTIVE: Albian/Aptian sediment fan
TRAP TYPE: Stratigraphic:
F Prospect
DEPTH OF OBJECTIVE: 10,190 feet (3,106m)
HYDROCARBON TYPE: Oil 25,000m
N

WELL DEPTH: 11,155 feet (3,400m)

• The F Prospect represents a low risk, high return prospect

• Resource size is potentially large
• The seismic amplitude map of the prospect is over 30,000 acres in size; it is larger
than any single discovery made to date in the Guyana Suriname Basin
• Shallow depth of the well provides a low-cost exploration well with significant
upside
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Demerara Block – F Prospect
A A’
F Prospect Amplitude

Full Stack Depth Data

EV Attribute Above Background

With Structural Contours

A A’

C.I. - 100m

25,000m

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 Corporate Office Houston Office Guyana Office
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Toronto, ON, Canada M5H 2R2 Houston, TX, USA 77079 Streets, Queenstown,
+1 (416) 364-5569 +1 (832) 300-3200 Georgetown, Guyana
+011 (592) 227-0521

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