The current competitive industry environment demands inventive exploration strategies. Understanding regional geology is not only essential for high-grading areas for further study, but it also encourages the development of new play concepts, which could form the big discoveries of the future.
The lifecycle begins with the exploration team gathering the information necessary to begin screening areas for high potential. Neftex® Insights supplies the content needed for global/regional exploration for early phase basin screening, play fairway analysis and petroleum systems modeling. Permedia® Petroleum Modeling provides the petroleum systems analysis integrated with core interpretation as a step for risk reduction in early phase exploration.
The technical knowledge gained from these steps in conjunction with economic terms will aim the team to areas of highest potential for evaluation at the next level of detail.
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Interpret & Capture New Opportunities
The basin screening processes provides a spotlight on where to explore for leads. This next stage is a cycle within the greater lifecycle where geoscientists generate as many leads as possible, test them for viability, and capture acreage or move on as rapidly as possible. As this cycle is repeated over and over, a significant amount of data and interpretation understanding is being accumulated which becomes an asset for speeding up the cycle.