Earthquake may have exposed reserves

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The earthquake that killed more than 150,000 people in Haiti this month may have left clues to petroleum reservoirs that could aid economic recovery in the Western Hemisphere’s poorest nation, a geologist said.

News wires  Wednesday, 27 January, 2010, 17:26 GMT




The 12 January earthquake was on a fault line that passes near potential gas reserves, said Stephen Pierce, a geologist who worked in the region for 30 years for companies including the former Mobil Corporation.

The quake may have cracked rock formations along the fault, allowing gas or oil to temporarily seep toward the surface, he said in a telephone interview.

“A geologist, callous as it may seem, tracing that fault zone from Port-au-Prince to the border looking for gas and oil seeps, may find a structure that hasn’t been drilled,” said Pierce, exploration manager at Zion Oil & Gas, a Dallas- based company that’s drilling in Israel. “A discovery could significantly improve the country’s economy and stimulate further exploration.”

Haitian Prime Minister Jean-Max Bellerive met Monday in Montreal with diplomats, including US Secretary of State Hillary Clinton, to discuss redevelopment initiatives, Bloomberg reported.

Canadian Foreign Affairs Minister Lawrence Cannon said wind power may play a role in rebuilding the Caribbean nation, where forests have been denuded for lack of fuel, the Canadian Press reported.

“Haiti, from the standpoint of oil and gas exploration, is a lot less developed than the Dominican Republic,” Pierce said. “One could do a lot more work there.”

The Dominican Republic shares the island of Hispaniola with Haiti. It may have 3 million barrels of oil in a shallow offshore formation that is probably also shared by Haiti, Pierce said.

“One of the main reasons for the dearth of information on reserves in Haiti is that the Dominican Republic has numerous surface-hydrocarbon seeps while Haiti had very, very few,” he said.

Abraham Lincoln’s consul to the Dominican Republic reported oil seeps there in 1862. Neither nation produces oil or gas. As much as 1 trillion cubic feet of gas may be trapped in a border formation near the earthquake fault, Pierce said.

Pierce has not worked in Hispaniola since joining Zion in February 2005. He said he is unaware of any petroleum geologists conducting fieldwork in Haiti. There has been exploration of Ocoa Bay, the largest potential oil deposit in the Dominican Republic, he said.

“All basins cross the border,” said Paul Mann, co-author of a 1991 paper in the Journal of Petroleum Geology on Hispaniola’s petroleum potential. The paper concluded that “existing seismic data indentify undrilled prospects.”

The Greater Antilles, which includes Cuba, Haiti, the Dominican Republic, Puerto Rico and their offshore waters, probably hold at least 142 million barrels of oil and 159 billion cubic feet of gas, according to a 2000 report by the US Geological Survey.

Undiscovered amounts may be as high as 941 million barrels of oil and 1.2 trillion cubic feet of gas, according to the report.

Among nations in the northern Caribbean, Cuba and Jamaica have awarded offshore leases for oil and gas development.

Trinidad & Tobago, South American islands off the coast of Venezuela, account for most Caribbean oil production, according to the US Energy Department

 

 

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