Presentacin de PowerPoint

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INVESTMENT OPPORTUNITIES IN HYDROCARBONS
EXPLORATION AND PRODUCTION IN PERU
TECHNICAL PRESENTATION
February, 2008
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INVESTMENT OPPORTUNITIES IN HYDROCARBONS
EXPLORATION AND PRODUCTION IN PERU
AREAS UNDER STUDY ONSHORE AND OFFSHORE BASINS
PERU
January, 2008
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EXPLORATION OPPORTUNITIES ONSHORE AND OFFSHORE
BASINS PERU
Elmer Martinez G Senior Geophysicist
Coordinator Justo Fernandez C. Senior
Geologist Ysabel Calderon Geologist Carlos
Galdos Geophysicist Wilber Hermoza Structural
Geologist
Geological Geophysical Evaluations
Group Exploration Management
February, 2008
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• AGENDA
• Introduction
• Hydrocarbons Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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• AGENDA
• Introduction
• Hydrocarbons Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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HC PRODUCTION PERU LIQUIDS NEAR 120,000 BPD
OIL
MAINLY CAMISEA
CONDENSATES
NOV 06
NOV 07
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HC PRODUCTION PERU GAS 255 MMCFD
CAMISEA
2004
2000
2008
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• HC PRODUCTION
• 1. Talara Tumbes Basins
• Onshore
• Offshore
• 2. Maranon Ucayali Basins
• 3. Titicaca Basin
• Abandoned Pirin Oil Field

Lancones
Sechura
Trench
Titicaca Basin
NAZCA RIDGE
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SOUTH AMERICAN PLATE
MAJOR TECTONIC FEATURES
Lancones
Sechura
Trench
NAZCA PLATE
Titicaca Basin
NAZCA RIDGE
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YELLOW AREAS REPRESENT OPEN ACREAGE IN
SEDIMENTARY BASINS
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• AGENDA
• Introduction
• Hydrocarbon Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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• HYDROCARBON PLAY
• REGIONAL EXTENSION
• PERMIAN-JURASSIC EOLIAN SANDSTONES

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Camisea Reservoirs K AND Pre-K
COPACABANA
COPACABANA
UPP. PERMIAN JUR?
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CAMISEA MAIN RESERVOIRS Longitudinal
Dunes Permian Noi Fm
3D SEISMIC
CHUNG, et. al. (2006)
Spectral Decomposition, 27Hz
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Present day Longitudinal Dunes SAHARA DESERT
CAMISEA Longitudinal Dunes Permian Noi Fm
CHUNG, et. al. (2006)
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Nombre del Capítulo 2
Regional Distribution Camisea type Eolian
Reservoirs Outcrops Wells
ORELLANA

• Ucayali
• Marañon South
• Titicaca

CAMISEA
Titicaca Basin
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Camisea type Eolian Reservoirs SW Maranon Basin,
Cushabatay Mts.
Field Trip, Perupetro 2001
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TITICACA BASIN Permian Eolian sands Camisea age
(Field trip Perupetro, 2006)
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SAHARA DESERT
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PRODUCTION PIPELINE INFRASTRUCTURE
16 252 Km 24 MBPD
24 306Km 16 MBPD
36 548 Km
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• AGENDA
• Introduction
• Hydrocarbon Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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OIL PRODUCTION, LICENSEES AND OPEN AREAS
ITT
PIPELINES
ANDOAS
BAYOVAR
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PETROLEUM SYSTEMS SOURCE ROCKS
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West Maranon Basin
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MARANON BASIN

• Over 1.7 Million ha
• Open Area
• 2D Seismic
• 2,000 Km, mainly 1970-1975
• all SEG-Y

WEST MARANON BASIN
SOLIMOES BASIN
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HYDROCARBON OCCURRENCES
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HC PLAYS
TWO PROVEN PS
THREE UNTESTED PLAYS
Eolian ss
Callanayacu
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POTENTIAL SITUCHE PLAY

• SITUCHE AREA BLOCK 64
• CENTRAL SANTIAGO BASIN, BLOCK 116

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SITUCHE PLAY

• Situche Fault system
• Extensional tectonics contemporaneous with
  Cretaceous and early Tertiary deposition.

FLAT ON POZO
Vivian
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• PUCARA PLAY 1
• JURASSIC PUCARA SELF-CONTAINED PS
• SHANUSI WELL DRILLED IN 1974
• GAS COND SHOWS TOP 17M PUCARA

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• PUCARA PLAY 1
• Amplitude anomalies near top and base Pucara Group

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SEISMIC AND LEADS
Conventional Cretaceous Play
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NE Maranon Basin
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IQUITOS ARCH MARANON FOREBULGE
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THE IQUITOS ARCH

• The forebulge of the foreland basin
• The ultimate focus of hydrocarbon migration and
  entrapment in the basin

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• SIX HEAVY OIL DISCOVERIES 11-21º API
• THREE EACH Co.
• Barrett in the late 90s in block 67..
• Reserves 1,900 MMB OOIP
• Production plan in initial development stage
• Repsol in 2005-2006 in block 39

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HEAVY OIL PIPELINE INFRASTRUCTURE INITIAL
DEVELOPMENT THROUGH NORTH BRANCH
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PROVEN CRETACEOUS PS
TERTIARY
VIVIAN
CHONTA
CRETACEOUS
Reservoir rock
Source rock
Seal rock
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STRATIGRAPHIC LEADS TWO River Seismic Line
Open area
Onlap of Pozo Shale Sand onto Basement
Onlap of Cretaceous onto Basement
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SE Maranon Basin
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• 2D seismic
• 600Km, SEG-Y
• Wildcats Two
• Yarina 2X
• (TD Basement)
• Maranon 110X
• (TD Contaya)

SOLIMOES BASIN
3. SE MARANON BASIN
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CROSS SECTION- SE MARAÑON BASIN
Paleozoic Truncation
Datum
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TWO PETROLEUM SYSTEMS1. JURASSIC2. PALEOZOIC
SAME DEVONIAN PETROLEUM SYSTEM SOLIMOES BASIN
Historic Play
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PERMIAN RESERVOIRS
PK41 Ene,Copacabana and Cabanillas truncation
CRET
PALEOZ
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• AGENDA
• Introduction
• Hydrocarbon Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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TITICACA BASIN
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PIRIN CRUDE OIL GEOCHEMISTRY

• The Pirin oil
• API 37- 40º
• low sulphur, paraffinic,
• not biodegraded

PIRIN OIL
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Three wells drilled in the 90s based on
Extensional Tectonics
YA-41 (SIBOIL 2006)
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Reinterpreted Stratigraphy of the Titicaca basin
Mesozoic
Paleozoic
(Hermoza, 2007)
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PETROLEUM SYSTEMS2-3? PS, SOURCE ROCKS OF...
(Hermoza, 2007)
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Potential Reservoirs Permian Eolian sands
Camisea age (Field trip Perupetro, 2006)
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• TWO MAJOR TECTONIC SETTINGS
• Altiplano Fold Thrust Belt (Thin- Thick
• Skin Tectonics)
• Permian- Jurassic Inverted Rift System

(Hermoza, 2007)
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ALTIPLANO FOLD THRUST BELT West Verging Thick
Thin Skin Tectonics Processing Balanced
Cross-Sections
Opposite to East Verging Sub-Andean Fold Thrust
Belt
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• AGENDA
• Introduction
• Hydrocarbon Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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FOREARC PRODUCTION

• TALARA BASIN HC PROVINCE
• PRODUCTION
• Cum. 1,500 MMBO
• 2 TCF
• MAINLY EOCENE,
• LESS PALEOZOIC
• PRESENT PRODUCTION
• ONSHORE 22,400 BPD
• OFFSHORE 12,100
• REFINERY CAPACITY
• 60,000 BOPD
• UPGRADING IN PROCESS....

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REGIONAL E-W CROSS SECTION TALARA BASIN
2005 San Pedro 1X light oil discovery Paleozoic
CRETACEOUS
TERTIARY
PALEOZOIC
CRISTALLINE BASEMENT
Hermoza, W.
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STRATIGRAPHIC COLUMN PISCO LIMA BASINS
CENOZOIC
MESOZOIC
PALEOZOIC
PROTEROZOIC
Petrotech, 2005)
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SOURCE ROCK-CARBONIFEROUS AMBO
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TECTONIC FRAMEWORK SIMILAR TO TALARA BASIN
HYDROCARBON KITCHEN
Modeling Seismic Line 93-75 (South of Lima basin)
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• AGENDA
• Introduction
• Hydrocarbon Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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• 2D SEISMIC
• 1,900 km 1973 to 1993
• Partially SEG-Y
• Being Vectorized
• WILDCATS NONE

OCEANIC TRENCH

• NO EXPLORATION WORK
• ÁREA 3 MM Ha
• Water depths 0-200-2000 m

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TEXAS UNIVERSITY-PETROPERU, 1986Ocean Drilling
Program12 Shallow wells

• WELL ODP-679
• C1-C6
• HIGH TOC
• FLUORESCENCE AND OIL ODOR.
• WELL ODP-682
• HIGH ETHANE/METHANE CONTENT
• EVIDENCE OF HYDRATES.

Well ODP-679
Well ODP-682
LIMA
PARACAS
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LEADS
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Two Leads, line 93-68
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• AGENDA
• Introduction
• Hydrocarbon Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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2D SEISMIC -NORTH PISCO BASIN

• 2D seismic 3,467 km
• Wildcats, None
• Onshore well Pisco 4-X-1 TD 400 M
• Miocene overlying Cretaceous

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ONSHORE GEOLOGY TIE WITH OFFSHORE SEQUENCES
EXTENSIONAL TECTONICS
75 W
Calderon, 2007
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STRUCTURAL FRAMEWORK
NW and NE Oriented Extensional tectonic system
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LEADS AND PROSPECTS
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18 LEADS PROSPECTSPISCO BASIN
Z-33
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• AGENDA
• Introduction
• Hydrocarbon Overview
• Onshore Basins
• Introduction
• Maranon Basin
• Titicaca Basin
• Offshore Basins
• Introduction
• Lima Basin
• Pisco Basin
• Summary

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SUMMARY ONSHORE BASINS

• West MB
• Within HC Kitchen
• Potential Situche play
• Three untested deep and shallow exploration plays
• Conventional and heavy oil pipelines
• Northeast MB
• New stratigraphic play for heavy oil
• Conventional four-way dip structures
• Barret Heavy oil Pipeline, initial development
  stage
• Potential resources in the billion-barrel range.

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Summary...Onshore

• Southeast MB
• Extension of Devonian petroleum system of
  Brazilian Solimoes basin
• Conventional Paleozoic leads with unknown
  potential
• Titicaca Basin
• Under-explored basin
• High potential for hydrocarbon accumulations in
  two major tectonic settings
• Permian eolian reservoirs, source rocks and
  numerous structural traps
• Exploration costs lower than in sub-Andean basins

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SUMMARY LIMA PISCO BASINS

• Under-explored Basins, near Lima
• Stratigraphy Extensional Structural Style
  Age Similar to Talara Basin
• 5,500 Km 2D seismic
• Main Petroleum System
• SR Carb. Ambo (Camisea SR) in oil window
• Eocene Sandstones, Porosity 20 to 34
• Presence of Leads and Prospects

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PROMOVIENDO HIDROCARBUROS, DESARROLLAMOS AL
PERÚ A WINDOW OF OPPORTUNITIES