Project Profile
Location: Tyra concession, off Nicaragua\'s Caribbean coast, Nicaragua
Reserves: 1,220 MMbeo
Exploration start-up Year: - 2013
The Paraiso prospect is located in the Tyra concession off Nicaragua\'s Caribbean coast. Paraiso is thought to hold gross unrisked resources (P25) of 1,220 MMbeo with a 25% chance of geological success. Noble Energy (the operator) has contracted the Diamond Offshore\'s Ocean Saratoga (mid-water semisub) to drill an exploratory well in 3Q 2013. Noble Energy, operator of the concession, has allotted 90 days to drill the well. If successful, a second well will be drilled to determine the commerciality of the discovery. Paraiso Sur is estimated to hold P25 gross unrisked resources of 1,220 MMboe.
Operators:
Noble Energy: Operator with 100% interest
Contractors:
Diamond Offshore: Drilling using the Ocean Saratoga (mid-water semisub)
Infinity Energy Resources Inc: Seismic survey