Condor Vitality Ltd (ASX: CND) (Condor or the Firm) is happy to supply an replace on exploration progress at its Technical Analysis Settlement (TEA) offshore Peru the place two giant oil prospects (Raya and Bonito) have already been recognized and regional mapping reveals that the first supply rock interval, the Oligocene/Miocene aged Heath Formation, is mature for oil era over a lot of the TEA space.
HIGHLIGHTS
- Maturation mapping reveals that at the least two supply rock intervals are current throughout the TEA
- Heath Formation supply rocks proven to be oil mature over majority of the TEA
- Zorritos Formation reservoirs (major goal) have entry to grease cost from mature Heath Formation supply rocks
- Piedra Redonda fuel discipline most certainly to be charged by deeper supply rocks within the Mancora formation
- Unexplored deep fuel play within the TEA recognized
Determine 1 – Maturation map displaying anticipated Vitrinite Reflectance (%) in the course of the Heath Formation. The height oil era zone corresponds to a spread in vitrinite reflectance between 0.8 and 1.2% proven in inexperienced.
The Raya and Bonito prospects are giant options within the Zorritos Formation, which current structural closure at a number of ranges and the potential for stacked pay with a number of Zorritos reservoir-seal pairs current.
Based mostly on evaluation of floor outcrops, cuttings and core samples from earlier wells revealed by Perupetro (the Peruvian nationwide oil regulator), there are quite a few potential supply rock intervals within the Tumbes Basin.
The Firm not too long ago accomplished an interpretation of the broader regional seismic information which mapped key intervals and confirmed that the Heath Formation (Determine 1) and Mancora Formation probably sit throughout the maturity window for oil and fuel era respectively.
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