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New Industry Guidance and Best Practices for the use of Geophysics in Petroleum Resources Estimation
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 75th EAGE Conference & Exhibition incorporating SPE EUROPEC 2013, Jun 2013, cp-348-00321
- ISBN: 978-90-73834-48-4
Abstract
Geophysical Technologies can represent a valuable input to integrate to petroleum resources evaluation both in terms of uncertainty estimates and project maturity as per PRMS resource classification framework. The “Guidelines for Application of the Petroleum Resources Management System (PRMS‐AG)”, cosponsored by the SEG, makes many references to the application of Geophysical Technologies on estimating petroleum resources. The technical maturity of a project can be significantly impacted by applying Geophysical Technologies for assessing structural definition, reservoir development, fluid contacts and movements as well as flow surveillance, especially in the conventional domain. Furthermore, Geophysical Technologies will contribute to the definition of the range of the low, best, and high resource volume estimates. The presentation will review, through examples, the most relevant geophysical parts of the PRMS‐AG and key issues for geoscientists involved in petroleum resources estimation and classification.