Oil and gas exploration firm, CGX Resources Inc., recently announced that it has finally completed the evaluation of the recently processed 3D seismic data for the Corenntyne block and has identified two potentially highly prospective large channel sand reservoir complexes. The company which is a subsidiary of CGX Energy Inc. that is headquartered in Canada said that these channel complexes have been interpreted to contain multiple high potential prospects located in the northern region of the Corentyne Block.
The oil exploration firm said that this region is in proximity to the Stabroek Block offshore Guyana and Block 58 offshore Suriname. The company further noted that the Pluma and Haimara discoveries in the Stabroek Block are located approximately 2 and 8 miles respectively, from the border of the northern region of the Corentyne Block. The Maka Central, Kwaskwasi-1 and Sapakara West discoveries in Block 58 are located approximately 7, 15, and 20 miles respectively, from the border of the northern region of the Corentyne Block.
The company said that the prospects mapped in the northern Corentyne Block are interpreted to be situated at the same geological horizons as the nearby significant discoveries already proven in the Stabroek Block and Block 58. It said too that the prospects identified on the northern region of the Corentyne Block have been interpreted to share the same proven hydrocarbon generating basin and intervals in which the current discoveries are located.
Guyana Standard understands that these prospects are primarily stratigraphic traps composed of sandstone accumulations and deemed to be analogous to many of the discoveries already proven to be successful in the Guyana basin.
The current high-graded prospect identified in the northern region of the Corentyne Block has been named Kawa, after the iconic Kawa Mountain which overlooks the village of Paramakatoi in the Pakaraima Mountains of Guyana. It is interpreted to be a Santonian-aged stratigraphic trap and is expected to have a reservoir interval potentially similar to what has been penetrated in nearby discoveries. Additional prospects are being evaluated by the Company.