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Innovations and Technologies - the Drivers for Economical Efficiency of ExplorationNormal access

Author: D. Bolotnik
Event name: ProGREss'19
Session: O&G Exploration as a Business. Project Management / ГРР как бизнес. Проектное управление
Publication date: 05 August 2019
DOI: 10.3997/2214-4609.201953073
Language: Russian
Info: Extended abstract, PDF ( 892.2Kb )
Price: € 20

Summary:
Oil companies do invest into exploration not to discover new fields as such but to find economically efficient resources which would extend profitable life of existing or even create new profitable production units. In this context exploration becomes part of investment process where value from potential development project stands behind seismic and drilling costs. The talk discusses some of the technological developments which can boost efficiency of Exploration in this context by: • Helping companies to concentrate on most valuable projects using multi realization modeling and decision trees. • Getting more information from exploration and appraisal wells due to integration of all available data and use of advanced interpretation technologies. • Reducing time and cost of operations • Transferring information from exploration/appraisal stages to the development stage in aim to


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