Petroleum Exploration Opportunities in Petroleum Exploration Opportunities in Laurentian Basin , , Call for Bids NL09 Call for Bids NL09- -2, 2, Laurentian Basin Parcels 1 and 2 Parcels 1 and 2 Dr. Michael E. Enachescu and Phonse Fagan Dr. Michael E. Enachescu and Phonse Fagan P Geoph, P Geo P Geo P Geoph, P Geo P Geo Euxinic Exploration A.J. Fagan Consulting Inc. Euxinic Exploration A.J. Fagan Consulting Inc. Euxinic Exploration On Behalf of NL DNR On Behalf of NL DNR November 2009 November 2009
A cknowledgements A cknowledgements • • Wes Foote, David McCallum and Larry Wes Foote, David McCallum and Larry Hicks, for edits and suggestions Hicks, for edits and suggestions • • Darrell Spurrell, Brad Kendell, Jillian Darrell Spurrell, Brad Kendell, Jillian Owens, Anne Lake of the NL Owens, Anne Lake of the NL Department of Natural Resources Department of Natural Resources • • David Hawkins and Craig Rowe of C- - David Hawkins and Craig Rowe of C NLOPB, Chris Jauer of GSC Atlantic NLOPB, Chris Jauer of GSC Atlantic • • MUN, Pan- -Atlantic Petroleum Systems Atlantic Petroleum Systems MUN, Pan Consortium (PPSC) , PR Consortium (PPSC) , PR- -AC AC • • GSC Atlantic GSC Atlantic • • ConocoPhillips for industry research ConocoPhillips for industry research grants to authors grants to authors • • Landmark Landmark- -Halliburton, Canstrat and Halliburton, Canstrat and IHS; MGM Energy IHS; MGM Energy • • This This work work could could not not have been have been performed without information kindly performed without information kindly provided by GSC Atlantic, provided by GSC Atlantic, Government of Newfoundland and Government of Newfoundland and Labrador Labrador Department Department of of Natural Natural Resources and C- -NLOPB NLOPB Resources and C = position of CFB NL09- -02 Parcels 1 and 2 02 Parcels 1 and 2 = position of CFB NL09 Enachescu and Fagan, NL DNR 2009
Call for Bids NL09- -02 02 Call for Bids NL09 • • Two Parcel Bid. Call for Bids NL09 Two Parcel Bid. Call for Bids NL09- -02 consists of two parcels totaling 02 consists of two parcels totaling 364,001 hectares (899,463 acres), located in intermediate to deep water of p water of 364,001 hectares (899,463 acres), located in intermediate to dee Laurentian Basin, south of the island of Newfoundland. Parcel 1 has has Laurentian Basin, south of the island of Newfoundland. Parcel 1 290,070 ha (716,776 acres) and Parcel 2 has 73,931 ha (182,687 acres) cres) 290,070 ha (716,776 acres) and Parcel 2 has 73,931 ha (182,687 a • Laurentian is practically an unexplored basin. This Mesozoic • Laurentian is practically an unexplored basin. This Mesozoic- - Tertiary basin is on trend with the gas producing Sable Basin Tertiary basin is on trend with the gas producing Sable Basin (approximately 450 MMcfd) and oil producing Grand Banks of (approximately 450 MMcfd) and oil producing Grand Banks of Newfoundland (approximately 300,000 bopd from the Hibernia, Terra Nova a Nova Newfoundland (approximately 300,000 bopd from the Hibernia, Terr and White Rose giant oil fields). The subbasin has only one exploration well oration well and White Rose giant oil fields). The subbasin has only one expl with results unknown to the public and Canadian geoscientists with results unknown to the public and Canadian geoscientists • Exploration and Production activity. • Exploration and Production activity. There are 4 active There are 4 active Exploration Licenses (ELs) in the Newfoundland’ ’s Laurentian Basin s Laurentian Basin Exploration Licenses (ELs) in the Newfoundland Parcel location. The parcels offered for bid are located in the western Parcel location. The parcels offered for bid are located in the western (Parcel 1) and southern (Parcel 2) portions of the Laurentian Basin (Parcel 1) and southern (Parcel 2) portions of the Laurentian B asin • • Call for Bids closure. The bid for this will be concluded on Call for Bids closure. The bid for this will be concluded on November November 19, 2009 at 4 p.m. NL time 19, 2009 at 4 p.m. NL time More information on this Call for Bids can be found at: More information on this Call for Bids can be found at: http://www.cnlopb.nl.ca/news/pdfs/cfb09_2.pdf Enachescu and Fagan, NL DNR 2009
Strategic Environmental Assessment (SEA) Strategic Environmental Assessment (SEA) • •The Board has previously conducted a The Board has previously conducted a Newfoundland SEA in the active ELs area SEA in the active ELs area •C C- -NLOPB has also concluded public NLOPB has also concluded public • France consultations for the SEA of CFB consultations for the SEA of CFB NF09- -02 parcels. A final report is 02 parcels. A final report is NF09 Nova Scotia being prepared for public release being prepared for public release •The SEA concludes that petroleum The SEA concludes that petroleum • exploration activity generally can exploration activity generally can proceed in the Southern Newfoundland proceed in the Southern Newfoundland area with the application of standard area with the application of standard mitigation measures currently applied mitigation measures currently applied to to offshore offshore exploratory exploratory activities activities elsewhere in the NL offshore elsewhere in the NL offshore n a •Sensitive Areas within the Southern Sensitive Areas within the Southern e • c O c NL SEA relevant to CFB NL09- -02 02 NL SEA relevant to CFB NL09 i t n a l t include: include: a) a) deep deep water water coral coral A communities and b) potential communities and b) potential unexploded ordinance unexploded ordinance After C-NLOPB http://www.cnlopb.nl.ca/news/pdfs/noticecfb09_02env.pdf Enachescu and Fagan, NL DNR 2009
Presentation Content Presentation Content 1. Introduction 1. Introduction 2. Exploration and Development Background 2. Exploration and Development Background 3. Geology Overview of the Mesozoic Atlantic 3. Geology Overview of the Mesozoic Atlantic Basins Basins 4. Geology Summary of Laurentian Basin 4. Geology Summary of Laurentian Basin 5. Petroleum Geology of Laurentian Basin Laurentian Basin 5. Petroleum Geology of 6. Petroleum Potential Call for Bids Call for Bids 6. Petroleum Potential NL09- -02 02 Parcels 1 and 2 Parcels 1 and 2 NL09 6. Discussion 6. Discussion 7. Conclusions 7. Conclusions Enachescu and Fagan, NL DNR 2009
Basin vs. Subbasin Nomenclature • The Laurentian Fan deeper bathymetrical feature and both • The Laurentian Fan deeper bathymetrical feature and both flanks are part of the Nova Scotia- -Newfoundland offshore Newfoundland offshore flanks are part of the Nova Scotia Mesozoic to Tertiary sedimentary area that is part of the larger Mesozoic to Tertiary sedimentary area that is part of the larger Atlantic margin chain of rift basins, subbasins and sedimented Atlantic margin chain of rift basins, subbasins and sedimented ridges ridges • The area was considered for a long time in continuity of • The area was considered for a long time in continuity of deposition and with similar geodynamic evolution as the deposition and with similar geodynamic evolution as the Scotian Shelf and Slope and traditionally GSC has considered it Scotian Shelf and Slope and traditionally GSC has considered it a subbasin of the larger Scotian Basin a subbasin of the larger Scotian Basin • Also, as there are no clear geological boundaries (e.g. basin • Also, as there are no clear geological boundaries (e.g. basin bounding faults, basement ridges) delimitating a separate, bounding faults, basement ridges) delimitating a separate, disconnected Laurentian basinal area, many Atlantic Margin disconnected Laurentian basinal area, many Atlantic Margin researchers have considered it a subbasin (of the Scotian Basin) researchers have considered it a subbasin (of the Scotian Basin) • According to the traditional nomenclature the C- -NLOPB posted NLOPB posted • According to the traditional nomenclature the C the Call for Bid NL09- -02 as located in the 02 as located in the “ “Laurentian Laurentian the Call for Bid NL09 Subbasin” ” Subbasin • However… … • However Enachescu and Fagan, NL DNR 2009
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