Taking a geological approach to regional exploration: Acquiring seismic data with an eye toward geology and combining it with nonseismic measurements brings new understanding to frontier areas

摘要

In the current competitive environment E&P companies must take greater financial risks to access frontier areas and new prospective plays. Between block award signing bonuses and work commitments, oil companies can spend hundreds of millions of dollars before drilling the first well in an exploration program. In frontier areas where seismic and well data do not exist or are lacking, the perceived risk is even greater.