Dry wells and technical discoveries perdominate. Exploration performance needs to be improved! Let's look at some real cases!
The success factor is high. Out of 28 exploration wells drilled last year, 18 found oil and/or gas.
However, the volumes were low. Accumulated resources from the largest discoveries were only between 113 and 275MMboe. This compares with 1450MMboe produced in 2016 (GEO 01/2018; «Små, men lønnsomme funn«).
These facts form the background for NCS Exploration 2017, RECENT ADVANCES IN EXPLORATION TECHNOLOGY/DE-RISIKING GONE WRONG?, May 10-11, at Fornebu outside Oslo. Case studies will be at the forefront.
Programme.
Register.
Session 1:
Exploration performance as seen from the authorities
Highlights: NPD and OGA
Session 2:
The geophysical toolbox
Chaired and convened by Erik Ødegård, Statoil ASA
Session 3:
The geochemical toolbox
Chaired and convened by Daniel Stoddart, GeoEight AS
PANEL/PLENARY DISCUSSION
Session 4:
De-risking from the inside
Learnings from the past: oil company perspectives
Session 5:
Case studies
– Learning from de-risking in practice:
Contributions from service companies
Session 6:
Case studies
– Learning from de-risking in practice:
Contributions from oil companies
PANEL/PLENARY DISCUSSION
COMMENTS
I always thought the correct quote was
«Oil is FIRST found in the minds of men..»
Det er godt mulig jeg tar feil, men har ikke originalkilden.
Wallace Everette Pratt, one of the founders of AAPG, “Where oil is first found is in the minds of men.”