CaribX






CaribX Technologies


Satellite based Bathymetry technology

Seepfinder technology

Exploration technology

The issue with frontier areas is that with no obvious production the areas do not attract oil company investment and in turn with no investment there is no production. The cycle has become more vicious as the oil price has risen and cost cutting has driven out the explorers or converted them to development and production geologist. As the price increases there is even less of a desire to stop generating revenue and divert resources to country entry and a speculative campaign to determine whether hydrocarbons may or may not be present.

This reality has mean that large areas of the planet have been neglected, or by-passed and will remain as such unless the cycle is broken - as it was by the small independent companies in East Africa (such as EAX) , otherwise the areas will remain off the map.

These under explored basins are vast and may only contain a few well penetrations, drilled at the time based on little or no data ,and no failure analysis to reveal any valid strictures.  Seismic is often thought of as the tool to open these areas up, however more important is the determination whether there is an active petroleum system, suitable trapping structures and reservoir presence, quality and seal follow. 

To survey a 100,000 sq. km area, even just using 2D at a useful line spacing, is very expensive at 10’s of millions of dollars and still one would not know if there is an operative petroleum system in some or all of the exploration area.

CaribX's approach for the offshore is to first screen the area using combined airborne seep, magnetics and gradiometry. The technology allows vast areas to be rapidly screened with seep data being provided in real time and gradiometry and magnetics data following after processing.

The data allows CaribX to target areas with more the expensive technologies such as seismic and drilling.

Once the features with seep anomalies have been identified it is necessary to ground truth the findings and offshore this is done by collected seabed / lake bed cores and analysing the sediment first by Gore Sober screening for bulk geochemistry (e.g. TSE & TSF) and if hydrocarbons are present by convention geochemical technics such as stabile isotope ration measurement and biomarker analysis. The data is then compared with the CaribX oil database and other oil and source rock data and information. The areas of less interest can be relinquished and the sweet spots become the target for seismic and drilling.

The seep technology is applicable to marine and lacustrine environments. Onshore CaribX use satellite data and spectral analysis to high grade areas followed by Gore Sorber and conventional geochemistry to ground truth and high grade areas further.

Production technology

In addition to the exploration technologies, some unique to CaribX, that can be used for near-field exploration and reserve augmentation, CaribX has secured agreements with a specialist drilling group with expertise in horizontal drilling, multilaterals, coiled tubing, under balance drilling and heavy oil technology.
Through previous connections with Newcastle University CaribX also has access to state of the art heavy oil production technology. 
 

 

 

CaribX (UK) Limited: 43 High Street, Marlow, Buckinghamshire, SL7 1BA, England +44 1628 876437 info@caribX.com