HR_29012014_Exploration_Day_2014_CNMV_tcm7-670726
HR_29012014_Exploration_Day_2014_CNMV_tcm7-670726
HR_29012014_Exploration_Day_2014_CNMV_tcm7-670726
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Atlantic Basins<br />
Trinidad & Tobago - Block 23b<br />
• Block 23b covers a deep water area of 2,585<br />
km2 located to the East of Tobago.<br />
• The Block contains multiple Tertiary clastic and<br />
carbonate plays with oil and gas potential.<br />
• REP 40% and BHP (op.) 60% signed the<br />
contract on November 2013.<br />
• A 3D seismic program covering most of the<br />
block will be conducted during <strong>2014</strong>.<br />
• Drilling during the 2nd Phase is contingent on<br />
seismic results.<br />
©<br />
Block 23b, Trinidad & Tobago - Timeline<br />
PSC Signature Nov 2013<br />
3D Seismic Survey Acquisition<br />
3D Processing<br />
3D Interpretation<br />
2 nd Phase (contingent drilling commitment)<br />
2013 <strong>2014</strong> 2015 2016 2017<br />
1 st Phase 2 nd Phase<br />
2018 2019<br />
50
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