About Us:

Executive Summary - Hydrocarbon Exploration and Development:

Parafin Corporation negotiated an agreement with Guarani Exploration and Development Corporation of Houston, Texas to acquire the development rights to hydrocarbon Concessions in the Republic of Paraguay consisting of approximately 2,456,453 hectares (approximately 6,069,994 acres) in the Alto Parana Block, Alto Parana Province, Paraguay.

MANAGEMENT - Guarani  Exploration and Development Corporation

BYRON R. AYME, received his BS degree in Geology from Louisiana State University in 1957.  After a tour of military duty with the US 4th Army Division and a year of graduate studies (no advanced degree received), he joined Petty Geophysical Engineering Company of SanAntonio, Texas in June, 1959.   Mr. Ayme is completely bilingual in the Spanish language.

Mr. Ayme Interpreted North Sea data for four years out of London which lead to the discovery of the Birch Field in the North Sea.  Mr. Ayme has interpreted seismic data in over 20 countries around the world.  His seismic interpretation resulted in major discoveries in off-shore Greenland, Gulf of Suez, offshore Philippines and offshore Australia.  Between 1987 to 1994 his seismic interpretation led to major discoveries in Argentina, onshore and offshore, Malaysia, Albania, the Philippines, Madagascar, China and Syria.  Mr. Ayme is bilingual in Spanish and English.

In April, 1994 he accepted a voluntary retirement package, offered company-wide to employees 55 years of age and older from Occidental Petroleum Company.  Mr. Ayme is presently residing in Bakersfield, California.  The following is a synopsis of the principal areas worked in the last 37 years.

OCTOBER, 1994 - OCTOBER, 1995

Returned to Occidental payroll on October 15, 1984 after a five month hiatus.  Worked on Landmark projects (regional study) Offshore Tunisia and Offshore Gabon, Mpolo Block generating Eagle Prospect which will be drilled in mid-1996.

JULY, 1987 - APRIL, 1994

During this period, engaged in interpretation in the following countries: Madagascar, Argentina, Malaysia, Indonesia, China, Albania, Syria, and NW Palawan in the Philippines.  Some of these projects were on paper sections, but the majority were 2D surveys conducted on Landmark Workstations.  Following are the principal projects worked on Landmark and an estimate of their size:

A.        Rio Negro Norte Block, Neuquen Basin, Argentina: approximately 1500 kilometers of data.  Resulted in the discovery of the Estancia Vieja Field.
B.         Malvinas Block, Offshore Argentina: approximately 1500 kilometers
C.        Block SK8, Offshore Sarawak, Malaysia: approximately 30,000 kilometers, subdivided into five areas interpreted by five geophysicists on five different Landmarks.  Resulted in several discoveries.
D.        Bone Basin, Offshore Celebes, Indonesia: approximately 2000 kilometers
E.         Block 3, Durres Basin, Adriatic Sea, Offshore Albania: approximately 1400 kilometers.  Incorporated paper section interpretations of adjoining blocks 1 and 4, public domain datas in Italian Adriatic waters, and onshore Albania for broad regional picture on 3 horizons, approximately 6,000 kilometers
F.         Offshore NW Palawan, Republic of the Philippines: 4,000 kilometers. 

This program was designed to determine possible extension of Camago-Malampaya-Iloc-San Martin trend to the north.

JULY, 1986 - JULY, 1987

Transferred to Lima, Peru as Chief Geophysicist supervising geophysical interpretation in programming development wells in Blocks 1A and 1B, as well as supervising acquisition, processing, and interpretation of data on exploration Block 36.  One non-commercial discovery - La Colpa - was drilled in 1987 and several features, undrilled to date, were also delineated.

AUGUST, 1982 - JULY, 1986

Following Cities Service merger with Occidental Petroleum Company, Mr. Ayme transferred to London, England to analyse and interpret North Sea data.  In addition to participating in interpretation prepatory to several North Sea bid rounds, interpreted data in operating Block 16/12a.  Discovery of the Birch Field in 1984 led to a 3D survey being conducted in late 1985.  Supervised processing sequences and later interpreted data on Geco workstation.  Two subsequent wells were drilled on block - one was successful and the other unsuccessful.

JULY, 1976 - AUGUST, 1982

Transferred to Houston, Texas and remained there for this entire period.  Primary responsibilities were seismic interpretation, both in new ventures and in operating regions.  Areas worked were Offshore Greenland, Gulf of Suez, Offshore Northwest Palawan in the Philippines, and Blocks NTP2 and NTP26 in the Timor Sea, Offshore Australia.  Work in the Philippines led to several discoveries including the Nido A and B Fields, Matinloc, Pandan, Libro, and Galoc.  In 1977 a 3D survey (200 square miles) was conducted over the Nido Complex.  In addition to riding the seismic vessel, the author participated in supervising data processing as well as interpreting the results.  This interpretation pre-dated the use of work stations and was done the old-fashioned way with coloured pencils and paper sections.  Nonetheless, the interpretation resulted in successful development of the Nido Complex.

Work in Block NTP26 resulted in the discovery of the Jabiru Field.  The block was farmed out to BHP in 1982 and subsequent drilling resulted in successful tests on such features as Challis and East Swan.  1980 seismic program also delineated the deepwater Camago and Malampaya features which were drilled in 1991 by Occidental Petroleum and in 1993 by Shell Oil Company, resulting in significant discoveries.

JANUARY, 1973 - JULY, 1976

Employed by Cities Service Company and transferred to Peru as Geophysical Supervisor supervising seismic crews in the Madre de Dios Area and interpreting this as well as Offshore Peru data, dat in Block 33, and data in Northern Bolivia.  Promoted to Chief Geophysicist, Peru-Cities Service in July, 1975.

JUNE, 1959 - JANUARY, 1973

Employed by Petty Geophysical Engineering Company of San Antonio,Texas.  Principal areas worked during this period are outlined below:
A.        June, 1959 to September, 1960: Participating in training program working on seismic crews in West Virginia, Pennsylvania and Texas
B.         September, 1960 to March, 1962:  Mid-Magdalena Valley, Colombia, Pauoa and Provincia Areas.  Crews working for Sinclair/BP and Cities Service Company.
C.        March, 1962 to September, 1963: Lived in Boise City, Oklahoma supervising seismic crews working in the Oklahoma Panhandle.  Crews working for Exxon.
D.        September, 1963 to September, 1964: Working on crews operating for Sinclair/BP and Phillips Petroleum Company in the Uraba Basin, Colombia.
E.         September, 1964 to November, 1965: Living on and supervising seismic crews working in the Surat Basin of Australia for Exxon, and in the Onshore Bonaparte Basin of the Northwest Territories on crews working for Atlantic Oil and Aquitaine Oil.
F.         November, 1965 to October, 1966: Worked on seismic crews working for Perry R. Bass Company in South Texas.
G.        October, 1966 - January, 1973: Transferred to Colombia and remained there for this entire period.  During this period worked on seismic crews operating for Phillips Petroleum Company in the Uraba Basin, for Gulf Oil Company in the area around Tumaco, for The Superior Oil Company in northernmost South America at Punto Gallinas, for Texaco in the Colombian Llanos, for Tenneco in the Upper Magdalena Valley near Neiva, and for Conoco in the Quibdo along the Rio Atrato and in the Colombian Llanos near Yopal, and for Cities Service Company in the Colombian Llanos near Orocue.  During this period was also contracted by Petty Company to Cities Service Company to interpret the 10,000+ kilometers of data gathered by Western Geophysical on behalf of Ecopetrol prior to the first bid round conducted in the Colombian Llanos.  Several significant structures were delineated although Cities Service did not participate in this bid round.

,MARVIN R. CARTER, Born October 24, 1929, Montgomery, Louisiana.  Mr. Carter received his B.S.in Chemistry, Math: Northwestern State College of  Louisiana, 1949.  Minor, Geology: Northeastern College of Louisiana - 1956, Executive Program for International Managers, Columbia University - 1975
Present President/Owner - C-Tex Corporation (Consulting)

July 1, 1994     Retired as Vice President, Executive Operations, Occidental Petroleum Corporation.
1992-94           Vice President, Executive Operations - Occidental Petroleum Corporation, Bakersfield, CA: performed the role of chief of staff for the top executive of Occidental in Bakersfield, CA.
1990-92           Vice President, Latin America Operations - Occidental International Exploration and Production Co., Bakersfield, CA: responsible for operations in Argentina, Bolivia, Peru, Equador and Columbia.
1986-90           President, General Manager - Occidental Petroleum Corp. of Peru, Lima: responsible for all company operations in two producing areas of Peru during the time of Peru President Alan Garcia Perez.
1978-86           President, General Manager, Argentina - Cities Service Development Co., Buenos Aires: responsible for all company operations in producing operations in Argentina.
1971-78           President, General Manager, Colombia - Cities Service Petroleum Co., Bogota, Columbia: responsible for all company operations in Columbia, including administration, accounting, purchasing, contract negotiations, exploration, drilling, production and personnel for oil, gas and LPG operations.
1962-70           Engineer; Production Superintendent; Operations Manager, Argentina - Cities Service Development Co. Mendoza, Argentina: performed drilling, logging, workover operations and, subsequently, was responsible for engineering, purchasing, drilling, production and accounting operations for 50,000 BPD operation.
1961-62           Plant Superintendent - Mokeen Oil Company, Corpus Christi, Texas: operated oil and gas wells and low temperature separation gas plant to process gas into United Gas pipeline.
1957-61           District Engineer, South Texas - Arkansas Fuel Oil Corp./Cities Service Development Co.: received experience in well stimulation, workovers, multiple completion, well testing, regulatory commission reporting, bottom hole pressure surveys and analysis, gas compression and measurement, design and operation of gas/liquid separation mechanisms and oil and gas production in shallow bays, onshore and in the Gulf of Mexico.
1955-57           District Engineer, Central Louisiana - Arkansas Fuel Oil Corp.: worked with pumping wells, corrosion problems and salt water disposal.
1953-55           Engineering Training Program - Arkansas Fuel Oil Corp., Louisiana: trained in production, pipeline, service, exploration, reserve departments and spent three months as geological scout.
1951-53           US Army: Basic; Leadership School; OCS, Arty; 1st Lt., Korea
1950-51           Mud Logging Engineer, BAROID: performed logging work on exploration wells in Texas, Alabama and  Mississippi
1949-50           Lab Analyst - McCarthy Oil & Gas Corp.

CIVIC: 1989-91           President - Association of American Chambers of Commerce in Latin America, Washington, D.C.

Marvin R. Carter, retired as Vice President, Executive Operations for Occidental Petroleum Corp. In 1994.  At the time of his retirement he performed the role of chief of staff for the top executive of Occidental Petroleum.

Prior to his position as Vice President, Executive Operations, he was Vice President Latin American Operations, Occidental International Exploration and Production Co.  He was responsible for Operations in Argentina, Peru, Bolivia, Ecuador, and Columbia.  Prior to coming to Occidental he was President and General Manager, Argentina and Columbia, for Cities Service Petroleum Company.

PROJECT AND PROJECT FINANCE

Minimum financing for a ten-year exploration and development program for this project is estimated to be approximately $350 million.  A further US$2 billion could be required for pipeline construction if reserves justify it.  Parafin Corporation has estimated the immediate development costs to be approximately US$18 million and, based on the results obtained from the exploratory drilling, has budgeted an additional US$32 million per year on each concession for a period of ten years.  Because of the large size of the hydrocarbon concessions, approximately 14 million acres, the development of the property could justify the expenditure of sums in excess of US$1 billion if financing for these amounts were in place.  This amount could also be expended over a much shorter period of time.

The Alto Parana concession  permit was issued by the minister of Public Works and Communications of the Government of  Paraguay in the name of Guarani Petroleum Exploration, S.A. granting the exclusive right to study and explore for oil, gas and hydrocarbons in the entire study area known as the  the Alto Parana Block. This Block is a contract entered into by the Government of Paraguay and ratified by Decree-Law 31/89.  It provides for the prospection, exploration and exploitation of hydrocarbons on the Alto Parana Concession covering approximately 2,456,453 hectares (approximately 6,069,994 acres) in the Alto Parana Block, Alto Parana Province, Paraguay.

The President of Paraguay has signed the Concession Permit issued by the minister of Public Works and Communications of the Government of  Paraguay in the name of Guarani Petroleum Exploration, S.A.   Final approval of the Congress of the Country of Paraguay is the last approval needed for this Permit.

The Agreement requires Parafin Corporation to pay for seismic work including reprocessing current seismic data and to pay for the drilling of a well to a depth of the shallowest of (1) eleven thousand five hundred (11,500) feet, (2) the bottom of the Devonian formation, or (3) the basement underlying the site of the Farmout Obligation Well on each concession.

The geophysical report (see full report on parafincorp.com) by Byron R.  Ayme (see above) on these concessions indicate the potential of in excess of two billion barrels of hydrocarbons in the undeveloped basin.