What else can be done to an old field where past operators have tried just about everything including 3-D seismic? If there is anything else, would it add quantifiable value to the property?

As an acquirer of mature properties, this common challenge for Durango Resources Corp. ("Durango") was dealt with by combining old-fashioned geological and engineering methods with new technology. Some of these methods included thorough data gathering and detailed analysis of the stratigraphy and depositional environment of all well logs.

Completing a detailed field study combined with new technology has resulted in new life for the old field and has added definable value to the property.

Keywords:
Upstream Oil & Gas, seismic application, asset and portfolio management, grailquest corp, enhanced recovery program, sand map, interpretation, spe 104526, hydrocarbon, reserve value
Subjects:
Reservoir Characterization, Asset and Portfolio Management, Seismic processing and interpretation
Copyright 2006, Society of Petroleum Engineers
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