oa A Systematic Method for Screening and Selection of New Basins or Mature Basin with Emerging New Play

Introduction:

This paper presents a new way to screen and select basins for oil and gas exploration that is faster and more efficient than traditional methods. It does this by using data from a variety of sources to identify basins that are most likely to contain large hydrocarbon discoveries. This new method has been shown to be effective in several basins around the world.

Method:

It is recommended to have a subscription-based database service. Chose area of focus in line of company’s strategy, then start the research by dividing your data criteria into three main groups: 1)Statistical information 2)Operation history 3)Subsurface. The main groups will cover the project cost, well results and petroleum system understanding.

Results:

The methodology was used by a team of 5 geoscientists and within 2 months the team has screened 25 basins in South America and West Africa. The screening has shortlisted to 5 basins consisted of frontier basin and mature basins with emerging new plays. The findings have oriented and streamlined the business development activity of the company.

Conclusion:

The methodology has proved its effectiveness and efficiency. Also, a database was created to be utilized for regional data to support business development in later stages.