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CURRENT STATUS OF EXPLORATION-PRODUCTION ACTIVITIES IN CUBA PowerPoint Presentation
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CURRENT STATUS OF EXPLORATION-PRODUCTION ACTIVITIES IN CUBA

CURRENT STATUS OF EXPLORATION-PRODUCTION ACTIVITIES IN CUBA

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CURRENT STATUS OF EXPLORATION-PRODUCTION ACTIVITIES IN CUBA

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  1. U.S.-CUBA ENERGY CONFERENCE CURRENT STATUS OF EXPLORATION-PRODUCTION ACTIVITIES IN CUBA FEBRUARY 2, 2006 Geochemistry, Petroleum Systems and Plays; 2004

  2. CUBA: THE KEY OF THE GULF OF MEXICO Geochemistry, Petroleum Systems and Plays; 2004

  3. Major Petroleum Producing Trends. Gulf of Mexico Basin

  4. Western Cuba Oils in the framework of the Gulf of Mexico 1 USA 7 7 1 Age of Productive Rocks and Depositional Environment. 8 1 Oxfordian marine hypersaline 8 + 2 1 6 2 Tithonian marine carbonate 3 Tithonian marine hypersaline Gulf of Mexico MEXICO 1 1 4 Tithonian clay-rich marine carbonate 4 2 1 Campeche Sound 5 Albian marine hypersaline CUBA 2 Late Cenomanian-Turonian marine siliclastic 6 1 Tampico- Misantla Chiapas Tabasco 2 7 Macuspana Basin Paleocene-Miocene marine deltaic 3 2 8 Cenomanian to Barremian marine evaporitic 8 4 BELIZE 5 Salina Basin Sierra de Chiapas Pacific Ocean 5 GUATEMALA 0 100 200 200 300 400 500 Km

  5. CUBAN PETROLEUM PROVINCES WEST NORTHERN CUBAN PROVINCE: THE MOST PROSPECTIVE AREA

  6. HYDROCARBON SUMMARY WESTERN CUBA HYDROCARBON SUMMARY WESTERN CUBA Geochemistry, Petroleum Systems and Plays; 2004

  7. OPENING TO FOREIGN INVESTMENT IN THE CUBAN OIL INDUSTRY • SINCE 1991 CUBA HAS ADOPTED A POLICY OF ENCOURAGING FOREIGN INVESTMENT IN KEY SECTORS OF THE ECONOMY. • IN 1992 THE CONSTITUTION WAS MODIFIED IN ORDER TO ESTABLISH THE ACKNOWLEDGEMENT OF THE OWNERSHIP OF SOCIETIES, JOINT ENTERPRISES AND ECONOMIC ASSOCIATIONS CONSTITUTED ACCORDING TO THE LAW. • IN 1995 THE NATIONAL ASSEMBLY APPROVED THE LAW OF THE FOREIGN INVESTMENT, WHICH OFFERS VERY ATTRACTIVE AND FLEXIBLE TERMS AND PROVIDES ALL THE USUAL GUARANTEES FOR FOREIGN INVESTMENT IN CUBA. • THE LAW OF FOREIGN INVESTMENT (No.77) IS THE MAIN LEGAL FRAMEWORK FOR PETROLEUM CONTRACTS Geochemistry, Petroleum Systems and Plays; 2004

  8. ONLAND AND SHALLOW WATERS PRODUCTION SHARING CONTRACTS AT PRESENT DAY 10 BLOCKS CONTRACTED BY COMPANIES FROM CANADA, FRANCE AND CHINA AVAILABLE BLOCKS BLOCKS ALREADY UNDER CONTRACTS NON OFFERED AREAS Geochemistry, Petroleum Systems and Plays; 2004

  9. MAIN RESULTS OF COOPERATION WITH OIL AND SERVICES FOREIGN COMPANIES • THE PRODUCTION OF CRUDE OIL HAS BEEN INCREASED SEVEN TIMES • UTILIZATION OF ASSOCIATED GAS IN THE ECONOMY • INTRODUCTION OF ADVANCE TECHONOLOGY AND MODERNIZATION OF E&P INFRASTRUCTURE • EXIT TO DEEP WATERS EXPLORATION IN THE GULF OF MEXICO • TRAINING OF CUBAN PERSONAL

  10. PETROLEUM INFRASTRUCTURE Cubapetroleo (Cupet) Exploration - Production Marketing Refinery & Lubricants Distribution Services Domestic gas supply Research& Enginering Export-Import Geochemistry, Petroleum Systems and Plays; 2004

  11. INTRODUCTION OF ADVANCED TECHNOLOGIES HORIZONTAL DRILLING.. 5-6 times increase of production levels PUMPING IMPROVEMENT Productivity increase of 2-3 times per well

  12. UTILIZATION OF ASSOCIATED NATURAL GAS Generation of electricity and supply domestic gas to Havana PIPELINES CONSTRUCTION CONSTRUCTION OF OIL &GAS TREATMENT PLANTS

  13. Northern Cuba Heavy Oil Belt. GULF OF MEXICO La Habana N Matanzas ? Cárdenas • LENGTH: 200 Km • WIDTH: 5 - 15 Km • DEPTH: 0.8 - 3.0 Km • AVERAGE SATURATE THICKNESS: 300 m • OIL RESOURCES IN PLACE : 40 - 50 X 10 9 BARRELS • API GRAVITIES: 10° - 20° API

  14. EXCLUSIVE ECONOMIC ZONE OF CUBA IN THE GULF OF MEXICO Geochemistry, Petroleum Systems and Plays; 2004

  15. CUBAN SECTOR IN THE GULF OF MEXICO USA -CUBA MARINE BOUNDARY MEXICO - CUBA MARINE BOUNDARY Geochemistry, Petroleum Systems and Plays; 2004

  16. Location Of Seismic Surveys

  17. OFFSHOREDEEP WATERS BLOCKS CARIBBEAN SEA BLOCKS CONTRATED BLOCKS CONTRATED BLOCKS UNDER NEGOTIATION Geochemistry, Petroleum Systems and Plays; 2004

  18. Tectonic Setting of the EEZ of Cuba and surrounding areas.

  19. Tectonic Sketch Southwestern (Yucatan) Sector of Cuban Economic Exclusive Zone. THRUST BELT FORELAND BASIN (BASINAL DOMAIN) YUCATAN PLATFORM HIGH BY UPPER JURASSIC SEDIMENTS SLOPE FACIES CONTINENTAL MARGIN ROCKS (J3-K21) YUCATAN SCARPE MAIN SEISMIC STRUCTURES ON THE TOP OF CONTINENTAL MARGIN ROCKS SEISMIC LINES

  20. Seismic Line 145 Seismic image of Florida Sector of the Cuban EEZ NW SE

  21. Seismic Line 135 NW SE

  22. Seismic image of line 115 (Yucatan Sector). NW SE

  23. AVAILABLE GEOLOGICAL AND GEOPHYSICAL DATA • MORE THAN 15000 KM OF 2D SEISMIC LINES ( ONSHORE WESTERN CUBA AND DEEPOFFSHORE ) • MORE THAN 20000 KM2 OF AEROMAGNETIC AND GRAVITY SURVEYS. Geochemistry, Petroleum Systems and Plays; 2004

  24. GEOLOGICAL AND GEOPHYSICAL DATA (2 ) • MORE THAN 70 DEEP WELLS IN WESTERN CUBA, BAHAMAS, SOUTHEASTERN MEXICO AND FLORIDA (WITH MORE OVER 3000M DEPTH EACH ). • 8 SITES (LEG 77) DSDP INSIDE THE CUBAN SECTOR IN THE GULF OF MEXICO • AVAILABLE DATA PACKAGES BY SPECIALITIES AND ALSO SPECIAL TECHNICAL REPORTS Geochemistry, Petroleum Systems and Plays; 2004

  25. TECHNICAL AND ENVIROMENTAL REGULATIONS • ACCORDING TO THE LAW , THE REGULATORY BODY FOR EXPLOITATION OF MINERALS, THE NATIONALOFFICE OF MINERAL RESOURCES , HAS ISSUED TECHNICAL REGULATIONS FOR EXPLORATION & PRODUCTION ACTIVITIES , WHICH ARE MANDATORY FOR CUBAN AND FOREIGN COMPANIES • THE AGENCY FOR PROTECTION OF ENVIROMENT , ACCORDING TO THE LAW No 81 AND ITS DIFFERENT LEGAL REGULATIONS, EXERCES THE ENVIROMENT CONTROL OF ALL OIL OPERATIONS ,ONLAND AND OFFSHORE. Geochemistry, Petroleum Systems and Plays; 2004

  26. BENEFITS OF THIS NEW BUSINESS OPPORTUNITY IN THE GULF OF MEXICO • AN ACTIVE PETROLEUM SYSTEM IN THIS PROLIFIC OIL MEGAPROVINCE OF THE GULF OF MEXICO . IT IS POSSIBLE TO DISCOVER BIG OIL /GAS FIELDS IN THIS 112 000 KM2 OFFSHORE AREA . • THE CUBAN SECTOR IN THE GULF OF MEXICO IS VERY CLOSE TO MATURE OIL ZONES ( TECHNOLOGY, SUPPLIES AND MARKET ). • VERY ATTRACTIVE CONTRACTUAL CONDITIONS AND TOTAL SUPPORT OF THE GOVERNMENT OF CUBA. Geochemistry, Petroleum Systems and Plays; 2004

  27. MAIN CONCLUSIONS FOR E&P ACTIVITIES • CUBA IS JUST DEVELOPING ITS EXPLORATION AND PRODUCTION ACTIVITIES WITH SUCCESS IN COOPERATION WITH FOREIGN OIL COMPANIES. • WHY U.S. OIL COMPANIES COULD NOT PARTICIPATE IN THE VERY CLOSE DEEP WATERS HIGH POTENTIAL NEW FRONTIER IN GoM? • THE GROWING E&P CUBAN ONLAND AND OFFSHORE ACTIVITIES DEMANDS A LOT OF SUPPLIES AND SERVICES.WHY NOT ALSO FROM U.S.? Geochemistry, Petroleum Systems and Plays; 2004

  28. GOOD OPPORTUNITY U.S. OIL ,SUPPLIES AND SERVICES COMPANIES, ARE INVITED TO PARTICIPATE IN THE EMERGING CUBAN PETROLEUM INDUSTRY ON THE BASE OF MUTUALRESPECT AND BENEFITS Geochemistry, Petroleum Systems and Plays; 2004