88 Energy has confirmed an active petroleum system
at its Project Icewine acreage in Alaska in its shallower secondary target.
Chbat explained that the surveys were able to confirm the similarities between an existing petroleum system
and discoveries in Syria -- the Palmerite basin -- with the onshore of Lebanon.
Furthermore, this result materially upgrades the prospectivity of the block with a proven petroleum system
and a number of deep fan and shelf prospects established," the spokesman added.
The TAO-1 well is located within a proven petroleum system
, adjacent to the Cap Juby heavy oil discovery and has been designed to test up to 3 stacked objectives, Assaka (Upper Jurassic), Trident (Middle Jurassic) and TMA (Lower Jurassic, contingent upon success at Trident/Assaka).
Having confirmed the presence of a petroleum system
containing light oil, we will next evaluate this very promising find and focus on its extension to the north and east.
Last year the first oil sample in the country was discovered by a Brazilian Oil and Gas Company HRT, though not commercially viable, proving the existence of two mature source rocks in the oil generating window thus confirming that there is an active petroleum system
in the basins where the wells were drilled.
The objective behind the well, which was drilled to its final depth into the Cambrian formation, was to prove the presence of movable hydrocarbons and a working petroleum system
within the block.
Although this petroleum system
has been proven, the challenge is field size.
Those topics include using freehand three-dimensional drawings to clarify and verify subsurface structural interpretations, and low-temperature thermochronology in the Rocky Mountains and its applications to petroleum system
The alliance will utilize petroleum system
insights into key basins derived from ION's 2D BasinSPANTM data library, to locate and design surveys that address specific geological challenges.
A total petroleum system
will normally include both discrete accumulations of oil and gas in conventional pools, reservoirs and fields, as well as more extensive "continuous-type accumulations" in shales and tight rocks ("The total petroleum system
: the natural fluid network that constrains the assessment unit" US Geological Survey, 2000).
Faroe, which has a 10 per cent stake in the Lagavulin licence, said it found hydrocarbons and a working petroleum system
at the prospect west of Shetland region, but no reservoirs after drilling 5,140 ft.