Project type:
2D Seismic Surveys
Location:
Panama
Acquisition mode:
Marine Streamer
Environment:
Deep Offshore
Size:
6,508 km

Covering the main areas of interest in the Caribbean offshore area of Panama including gravity-magnetics data.

Acquisition parameters:

  • Configuration 1 x 12,000 m
  • Streamer Depth 8.5 m
  • Record Length 14 s / 16 s
  • Sample Rate 2 ms
  • Fold 160
  • Source 1 x 5202 / 1 x 5272 in³
  • Source Depth 6.5 m

The Republic of Panama is still largely unexplored for oil & gas, and the Government has initiated policies to encourage interest from international exploration companies.

Geology
The Caribbean margin was located in a ‘back-arc’ setting during the Cretaceous to early Tertiary.  With the northward push of South America against the Central American Arc in the Eocene, a convergent margin developed leading to strike-slip movements across eastern Panama.  Subduction of the Caribbean Large Igneous Province (CLIP) beneath Central America commenced in the Miocene and continues to the present day, forming the accretionary prism of the North Panama Deformed Belt (NPDB).  A fold/thrust complex formed as sediments were transferred from the subducting CLIP to NPDB. Incipient accretionary transfer structures are visible along the prism toe and the associated footwall/foreland.  The deformation front extends northward to the Limon Sur Basin, which straddles Panama & Costa Rica, and where a petroleum system Is evident.  Landward of the NPDB we find the relatively young, ‘perched’ fore-arc San Blas Basin.  The effective petroleum system is likely related to the CLIP’s Cretaceous source rocks being subducted/underplated and thermally matured beneath the accretionary prism.