New law, seismic information smooth Nicaragua licensing

NICARAGUA-2A licensing round is to commence early this year in Nicaragua. This article and the previous introduction regarding the geology of the Pacific and Caribbean areas are meant to provide advance information on petroleum prospectivity.Pacific side, Sandino basinTwo different source rocks were recognized in the regional geological study conducted in 1993:On the Santa Elena Peninsula, (Fig. 2), six outcrop samples of Cretaceous shales were analyzed, indicating excellent, oil prone source rock. TOC values varied from 4.41% to 54.8%, with dominantly sapropelic, marine kerogen types I and II. Visual kerogen concurred with the pyrolysis data, with sapropel dominating in five out of six s...

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