New concepts point toward oil, gas potential in Nicaragua

NICARAGUA-1As a part of the process to open the Pacific and Caribbean margins of Nicaragua for licensing, Instituto Nicaragüense de Energía (INE) has compiled and re-evaluated Nicaragua's petroleum data base, which was acquired during different exploration periods since 1930. This work has led to a better understanding of the petroleum geology of both margins, which offer encouraging potential for oil and gas accumulations. Click here to enlarge imageThe available data base of the Pacific margin comprises geological, geochemical, and well log information gathered from six wells and 8,500 km of 2D seismic data. Two of the wells had gas shows (Table 1). Most of the seismic ...

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