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Seismic Surveys are a Fundamental technique used in hydrocarbon exploration locate and assess potential oil and gas reserves beneath the Earth's surface.
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Guyana offshore a global hot spot for oil & gas.Suriname offshore is another emerging one. East & West coasts of India, offshore Bangladesh, offshore Myanmar, Andaman & Indonesia offshore areas are also emerging as a new future hot spots.
Guyana plans to contract a survey to gather data in support of offshore exploration and future bid rounds.
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Drilling for certainty? Probabilistic methods can be your friend in hydrocarbon exploration! Despite their advantages, some explorers hesitate to use probabilistic methods. Our blog explores why & the potential benefits: https://bit.ly/2OGBEhB #OilAndGasIndustry
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A warning to a few select helium exploration companies (who shall remain nameless, but they know who they are) presently touting and promoting their respective “substantial” discoveries in what amounts to frontier area with zero to limited production history and/or infrastructure: A wildcat discovery well requires 18 to 24 months of data and production history, and specific data points (4 wells with at least a full year, in my opinion). It’s fine to be encouraged by the flow test rates and volumes in these isolated areas, but managements must be hyper cognizant that early results with only scant few wells (or only a single well) may not indicate ultimate long term economic capability of the acreage in the aggregate, most notably areal extent, choke management (flowback), and complete understanding of underlying geology related to an ongoing offset and subsequent full development program. Based upon what I have witnessed thus far with respect to a number of claimed meaningful frontier discoveries, I am far from compelled to validate any modeled type curve(s) I have witnessed to date. They are all highly speculative. Some will work, most will not. “Helium or Hydrocarbon Investment 101”.
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Join us tomorrow with Gil Machado Where he Will introduce the usage of seismic interpretation as it is used in hydrocarbon exploration workflows in companies all over the world. Gil Machado You will be exposed to one of the most important stages of Hydrocarbon exploration workflows. Read More Here: https://lnkd.in/gvPWH5zN #seismic #oilgas #geoscience #earthscience
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Any one who has been through boom/bust/boom/bust/boom cycles knows it is not this simple at the commercial level. But the Norwegian Offshore Directorate's assessment that the value of the discoveries has been more than twice the exploration costs, shows the economic value delivered by the offshore industry over the last five years. More of this to come, with three-quarters of the resources discovered during these years yet to be produced and healthy reserve levels predicted. https://lnkd.in/d65aVuPT
Exploration activity has been profitable in all ocean areas
sodir.no
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"How We Helped Uncover Hidden Opportunities in Deepwater Exploration" Case Study: A leading operator in the Mediterranean leveraged our seismic interpretation expertise to de-risk a Miocene prospect. The result? ✅ Discovery of overlooked hydrocarbon reserves. ✅ Reduced exploration costs by 20%. Subsurface studies can be game-changers. Learn more about how our team drives results. Hashtags: #SeismicInterpretation #EnergySuccess #Hydrocarbons
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$RAK.V commences 2024 exploration program on Yukon and NWT projects. Hit and Peak discoveries are the priority drill targets in 2024. https://lnkd.in/gxqFRnYZ
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Successful high-impact exploration requires the stars to align on multiple factors. Join the Horizons Live webinar as our expert panel discuss the topic in detail and have your chance to ask a question. When: Monday 9th 10 AM GMT How: Register on this link:https://lnkd.in/dXbcJK4X
Horizons Live: No country for old fields
woodmac.com
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