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Geology

The Tranquilo Block is located in the foreland of the Magellan's Basin where Cretaceous and Tertiary basin are the main components of the oil system with a Lower Cretaceous source rock.

The Petroleum System is proven in the gas field Tranquilo and in Esperanza 3 and 4 wells containing gas and condensate shows. In Manzano 5 through 9 there are shallow objectives with gas.

In the western half of the block, there are deltaic system of Upper Cretaceous (mainly fracture plays) as well as conventional tertiary plays. Traps are created by faults propagation folding and inversion of the external thrust belt. In the Eastern half of the block, Tertiary stratigraphic traps, CBM Tertiary play and leads and prospects in deltaic phases of Oligocene-Miocene platform.

Estimated Reserves: Unknown estimated resources volume but using Tanquilo gas field as analogue may go from 0 to 2000 millions m3S

(Tranquilo had GOIS of 1200 million m3S, 9 wells)

Cretaceous (Skyring area)

  • The Titonian - Aptian Erezcano/Zapata fm. mainly hemipelagic black shales, siltstones and laminated sands deposited in a platform and slope facies, 300 to 500 m. thick, organic rich, across the block.
  • Canal Bertrand fm., Aptian-Early Coniacian, lower fan tubidites with submarine volcanics (La Pera Fm) and La Torre fm., Coniacian-Santonian Sand rich turbidite complex, both outcrping to the West of the block.
  • Escarpada fm., Santonian-Campanian, deep water, submarine channel conglomerates and levee/overbank sandstones within the western most part of the block.
  • Fuentes fm. Campanian Early Maastrichtian hemipelagic muds grading upwards into slope and shallow water platform facies to the Norh grade into Tres Pasos Fms. sandstones.
  • Rocallosa fm., Maastrichtian-Danian, mid to coarse, lower shoreface/stuarine deltaic sanstone that to the North grade into Dorotea Fm.

Tertiary

  • Chorrillo Chico Fm.: Early Paleocene-Eocene, marine mudstones in part calcareous and glauconitic.
  • Agua Fresca Fm.: Late Eocene (470-776 m) mainly glauconitic clay stone some thin limestone beds with fine to very fine glauconitic sandstones interbeds; deposited in a lower neritic at the base, to shallower toward the top of the unit.
  • Tres Brazos Fm.: Mid to Late Eocene (450-700 m) deltaic clay stones and fine to very fine glauconitic sandstones with thin limestone layers.
  • Leņa Dura Fm.: Eocene (130-250 m) clay stones with minor fine to very fine glauconitic sandstones.
  • Loreto Fm.: Oligo-Miocene (630-945 m) deltaic facies with several litologies depending on the environment of deposition marine through continental. Marine sandstones partially conglomeratic and clays tones, with coal interbeds.
  • El Salto Fm.: Late Miocene-Early Pliocene (25-1080 m) interbeded sandstones and clay stones. The sandstones are fine up to coarse conglomeratic. The fine fraction is mainly clay stones and siltstones and tuff.
  • Palomares fm. Mio-Pliocene (75 m) volcanic breccias, tuff, conglomerates, sandstones and clay stones.

Structure:

The folded belt in the Skyring-Otway and Peninsula Brunswick area is a basement involved deformation with displacement transfer toward the sedimentary cover. It is subdivided into three domains from west to east: Internal, Central and External, that evolve by stages Coniacian, Maastrichtian-Eocene and Oligocene , respectively