Can oil and gas exploration deliver on prediction?
| Autor: | Paul Herrington, Stuart G. Archer, Maren Bjørheim, Abryl O. Ramirez, Graeme Keith, David G. Quirk |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
medicine.medical_specialty
Actuarial science business.industry 020209 energy Fossil fuel 02 engineering and technology 010502 geochemistry & geophysics 01 natural sciences Metamorphic petrology chemistry.chemical_compound Geophysics chemistry Telmatology 0202 electrical engineering electronic engineering information engineering medicine Petroleum business Geology 0105 earth and related environmental sciences |
| Zdroj: | First Break. 36:83-88 |
| ISSN: | 1365-2397 0263-5046 |
| DOI: | 10.3997/1365-2397.n0130 |
| Popis: | The age old problem of underperformance in petroleum explora¬tion is directly related to over-optimistic evaluations of the size of undrilled prospects. Although the assessment of geological risk in proven plays is usually not a problem, the chance of economic success is generally much lower than predicted by companies as a consequence of the deficit in expected volumes. An EAGE workshop held in Copenhagen in June 2018 addressed this issue and one of the outcomes was the recommendation that prospect evaluations are more closely linked to historical data, particularly on the downside size of discoveries. |
| Databáze: | OpenAIRE |
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