Strategic Innovation in Hydrocarbon Exploration
E. Lavrenova, A. Gorbunov, V. Kerimov and V. Kosyanov
Event name: ProGREss'19
Session: Pitch Session «Exploration Geophysics» / Питч сессия «Разведочная геофизика»
Publication date: 05 August 2019
Info: Extended abstract, PDF ( 700.46Kb )
Price: € 20
Exploration supplies 70-80% of economic value (EV) in the petroleum industry by means of acquiring geological information (GI), which diminishes risks and gains value by improving benefits, different types of decision-making processes, direct savings in terms of avoided costs, etc. 2D and 3D seismic data being the main source of GI at the early exploration need to be processed and interpreted, that is to say, transformed and incorporated into a geological model - basis of the Project evaluation. Despite the GI, obtained at the early exploration reduces key risks, still, there is significant potential for EV increasing. Conventional technologies and workflows are unable to provide such an improvement due to their crucial limitations. This work aims to demonstrate the possibility of strategic innovations in seismic interpretation for solving the above problems and improving the GI economic value.