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Basin Modeling of Petroleum System as a Decision-Making Tool in Exploration
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, Saint Petersburg 2020, Nov 2020, Volume 2020, p.1 - 5
Abstract
One of the key tasks of exploration geologists in a petroleum company is to assess the resource base of its license blocks as the basis for planning an exploration strategy. The adequacy of such assessments determines the soundness of economic decisions and, ultimately, the successful development of the company. The main method here is a risk-based probabilistic assessment of resources which allows to predict both a possible number of discoveries when reviewing a targets portfolio, and the expected increase in resources. In this case, one of the key issues of such a methodology is to assess the likelihood of hydrocarbons in traps. Currently, this issue is being increasingly solved by a scientific method, combining the achievements of the organic theory of the naftides origin and a modern computer technology, i.e. basin modeling. The purpose of this work is to assess the Asset’s oil and gas potential based on 3D basin modeling, including the assessment of the probability of success of exploration drilling using a case study of a sedimentary basin in South America. This basin is an “atypical” petroleum system which experienced intense magmatism in the Mesozoic time.