A report by the U.S. Geological Survey (USGS) produced an assessment which could possibly lead to the future production of oil and natural gas in the Puerto Rico. The USGS report determined, that an area, in the south coast of Puerto Rico, contains an estimated 19 million barrels of undiscovered, technically recoverable crude oil and 244 billion cubic feet of undiscovered natural gas, and 6 million barrels of natural gas liquids.
The location of the discovery in Puerto Rico, is in the Muertos Deformed Belt around Caja de Muertos, a small island in the Caribbean Sea about five miles off the coast of Ponce, on Puerto Rico’s southern coast. The Caja de Muertos area was the only one with petroleum system elements.
The U.S. Geological report was based on the presence and viability of petroleum system elements including source rocks, reservoir rocks, traps, and timing considerations.
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