The Progreso Basin province (6083) in northwestern Peru and southwestern Ecuador consists of the Paleogene Santa Elena block and Peru Bank, and the Neogene Tumbes-Progreso subbasin. The Santa Elena block and Peru Bank are part of the Cretaceous-Paleogene Total Petroleum System (TPS)(608302), which contains the Cretaceous-Paleogene Santa Elena Block Assessment Unit (60830201). The Tumbes- Progreso subbasin includes the Neogene TPS (608301) and associated Neogene Pull-Apart Basin Assessment Unit (60830101). The complex tectonic history of the Progreso Basin province influenced depositional and erosional patterns across the region, and also the location, timing, and types of seals, traps, possible source and reservoir rocks, and hydrocarbon generation and migration. Marine shales that are interbedded with and overlie reservoir intervals are the probable hydrocarbon source rocks. Timing of hydrocarbon generation and migration was probably Miocene and younger, following creation of the Tumbes-Progreso subbasin by movement along the Dolores-Guayaquil megashear.
More than 220 million barrels of oil (MMBO) and 255 billion cubic feet of gas (BCFG) have been produced from the Progreso Basin province. The means of estimated recoverable oil, gas, and natural gas liquids (NGL) resources from undiscovered fields in the province are 237 MMBO, 695 BCFG, and 32 MMB NGL, respectively. The means of estimated recoverable oil, gas, and NGL resources from undiscovered onshore fields are 45 MMBO, 113 BCFG, and 5 MMBNGL, and from undiscovered offshore fields are 192 BBO, 582 BCFG, and 27 MMBNGL. These are USGS grown undiscovered resources that were determined by using a minimum field size of 1 million barrels of oil equivalent.
Additional publication details
USGS Numbered Series
The Progreso Basin Province of Northwestern Peru and Southwestern Ecuador: Neogene and Cretaceous-Paleogene Total Petroleum Systems