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PETROLEUM EXPLORATION

PETROLEUM EXPLORATION WORKFLOWS
Play and Prospect Generation: Execution Strategy
  • Conceptualizing basin play types for calibrating field size distributions, charge types and risks.

  • Integrating existing geophysical data set.

  • Preparing GDE, Source rock modeling and trapping mechanisms.

  • Detailed mapping of leads and prospects.

  • Volumetrics and risking.

  • Economic assessment and portfolio ranking.

P&P Generation.tif
Reserve Estimation and Risking: Execution Strategy
  • Estimating reserves using SPE guidelines; Prospective (undiscovered) to contingent (discovered non-commercial) to reserves (discovered commercial).

  • Probabilistic Reserve estimate and risking using Monte-Carlo simulations.

Reserves Estimation.tif

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