...% attributed to most discoveries exhibiting an abnormal AVO seismic behavior. Gas presence in possible prospects was de-risked utilizing traditional pre-stack seismic data analysis and/or seismic facies classification using seismic inversion products. Much time and processing power are required for this work...

... Intelligence investment prospect Government Incentive royalty rate scheme differential equation Introduction Asset Valuation Model with Government Incentives for E&P Projects Abstract In recent years, the Oil & Gas industry has struggled due to the low hydrocarbon prices...

... Case study area has different stage of exploration coverage. 3D seismic covers only the western part of the blocks. The eastern part is covered with only 2D seismic. In the results of the seismic interpretation identified 41 traps (Prospects) for further study and exploration drilling. Oil...

... Oil & Gas mechanism spe field abandonment production control asset and portfolio management resource in place estimate option value prospect flexibility equilibrium price critical value price model project finance production performance decline curve analysis probability risky...

... Abstract When creating production forecasts in order to evaluate a prospect, is it more realistic to vary the estimated well performance parameters to reflect the likelihood of the prospective resource case being modeled? For example, should wells in the high case perform better than wells...

... is located on the Atlas prospect that constitutes several blocks: MC 713, MC 714, MC 757, and MC 758. The Atlas prospect was shared between Chevron (the operator) and Texaco. The subsalt structure is more related to evacuation of a salt weld at about 9.5 km (∼31,200 ft) than it is to the deep in-place salt...

... be avoided unless a premium price can be obtained for the liquids relative to the gas that is used to make them. Traditionally, in the evaluation of undrilled exploration prospects in the North Sea, there is so much uncertainty in the forecasts of product prices that analysts tend to only consider oil...

... The ultimate goal here is to show how a dependent prospect model provides a framework for aggregate decision making. We propose a sequential discrete utility function that incorporates the main costs and revenues that characterize an exploration campaign, and we show how the possible choices...

... A probabilistic model of the resource base is derived from the geological assessments of discoveries and prospects. It is input to Monte Carlo simulation to generate a large number of scenarios representing exploration outcomes and discovery volumes. These are stored once for all in a scenario...

... are reduced significantly. Otherwise technically or economically un-drillable prospects have been drilled, increasing recoverable reserves in operator's business units. There have been no reportable well control incidents where the root cause has been attributed to the technology itself or failure of its key...

... Abstract Geological properties are likely to be shared for different prospects in a common basin. If, for example, source rock is found in one location, this increases the chance of finding it in other locations. Other geological characteristics will have similar correlation structures. When...

... qualitatively the primary factors underlying deepwater petroleum exploration and development prospectivity worldwide. The paper evaluates the attractiveness and prospectivity of worldwide deepwater offshore basins using empirical indicators to describe efforts and outcomes. The empirical indicators derived from...

... be drilled from a common host. Also, reservoir properties affect expectations regarding production problems and the frequency of well interventions, and this can constrain the slot count. While these intrinsic prospect variables influence the slot count, the constraints are not always binding, and in many...

... Drilling (MPD) technology has evolved on land drilling programs since the mid-sixties. However, it has been only fairly recently that the technology has found an important niche in the minds of offshore drilling decision-makers. With most of the world's remaining prospects for oil and gas being...

...Introduction When engineers and geoscientists consider a new prospect, it is important to consider its probability of success. In practice, this assessment is often decomposed into success probabilities for a number of underlying geologic factors. For example, one might consider...

... Abstract Two common challenges in the appraisal of deeper prospects in deepwater are, the selection of the overall strategy -campaign or sequential, and justification of any individual activity in this high cost environment. Both require objective assessment of the Value of Information. When...

... portfolio asset and portfolio management upstream oil & gas procedure portfolio model insurance selection probability project valuation norway project petroleum engineer disaster insurance prospect society spe 84331 pioneer natural resource example 1 project economics example 2 norway...

... developed. The system employs a web interface for users to select prospect(s) of interest and to allow data review or addition, and includes security to maintain the sanctity of proprietary information. Two types of rules are applied to the data. Heuristic rules are generated directly from engineering...

... and the probability of meeting their goals. We will illustrate how portfolio management can help decision makers determine when to change plans and when to stay on the planned course. upstream oil & gas capital howell iii prospect asset and portfolio management original plan probability business...

... be extended within a multi-prospect situation to rank competing prospects within a commonly constrained business opportunity. well location upstream oil & gas uncertainty reduction objective information outcome distribution spe 84241 appraisal well artificial intelligence strategic planning...